federalreserve-sealNEW YORK (AP)  It’s just the second time it’s happened in more than ten years. The Federal Reserve, as expected, Wednesday increased a key interest rate by a quarter of a point. Amid a sluggish recovery, the Fed had delayed raising rates, helping to stimulate economic activity by making it cheaper to borrow. The ten Fed officials voted unanimously for the rate hike, making it the first time since June that they all agreed.

Meanwhile…

NEW YORK (AP)  Federal Reserve officials aren’t yet projecting much of a boost to the economy from Donald Trump’s policies over the next three years. This, despite market expectations that Trump’s tax cut and his deregulation proposals will lift growth. Policymakers now expect the economy to expand by 2.1 percent next year. That’s barely higher than their earlier projection of 2 percent.