The Federal Reserve raised interest rates but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration’s proposed tax cuts. The expected fiscal stimulus, coming on the heels of a flurry of relatively bullish data, cleared the way for the U.S. central bank to raise rates by a quarter of percentage point to a range of 1.25 percent to 1.50 percent. It was the third rate hike this year.

(Financial Express)