The Fed hiked interest rates for the second time this year, in a widely expected move that reflects the central bank’s confidence in the US economy.
At the conclusion of their two-day meeting on Wednesday, the Federal Reserve’s Open Market Committee raised their benchmark interest rate by 25 basis points to a range of 1% to 1.25%.
The move was essentially a foregone conclusion and the market was pricing in a 99% chance of a rate hike.
For the complete Transcript of Chair Yellen press conference from June 14. 2017, please > click here