Fed Raises Rates as Labor Market, Inflation Fuel Confidence
![Yellen, Fed, Federal Reserve, FBN](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2018/02/931/506/ap17074689575188-5.jpg?ve=1&tl=1)
As expected the Federal Reserve raised short-term interest rates by 0.25% and reiterated there will likely be two more increases from the central bank this year. Follow below for analysis, market reaction and a press conference with Fed Chief Janet Yellen who detailed the Fed’s newest projections for the U.S. economy, the first since President Trump took office.