The Fed's December Rate Hike Is Just the Beginning

The Federal Reserve Open Market Committee, or FOMC, decided to raise interest rates at the conclusion of its December meeting, as it was widely expected to do. This represents the third interest rate hike of 2017 and the fifth of the current rate-hike cycle that began in 2015.

However, it appears that the Fed is just getting started. The latest projections show that the Fed expects another seven rate hikes over the next three years, which would more than double the current federal funds rate.

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Source: Fool.com