Federal Reserve

Business Highlights

___ Fed raises rates for 3rd time this year with 1 more expected WASHINGTON (AP) — The Federal Reserve signaled confidence in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate hike before year's end and predicting that it will continue to tighten credit into 2020 to help manage growth and inflation.

Text of the Fed's statement after its meeting Wednesday

Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.