Fed Raises Rates, Steepens Path of Hikes as Outlook Strengthens

The vote to lift the federal funds rate target range from 1.5% to 1.75% is a unanimous 8-0.

By Craig Torres | March 21, 2018 at 02:25 PM

Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Policy makers continued to project a total of three increases this year.

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Regulatory & Compliance

1 Another Credit Union in the Hot Seat With Members of Congress

2 Professionals Step Into New Roles at Metro CU, Navigant CU & Corporate One

3 Sentence Handed Down in Bayer Heritage FCU Theft

4 Loan Portfolios Shrink for Third Month in a Row

5 North Carolina's Coastal Credit Union Surpasses $5 Billion in Assets

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Data Shows Q1 Bounce for CUs From Q4 Pit: Callahan

By Jim DuPlessis | May 16, 2024

But other data shows a continuing drop in loan originations and weak loan quality.

Data Shows Q1 Bounce for CUs From Q4 Pit: Callahan

Supreme Court Rejects Challenge to CFPB

By Jim DuPlessis | May 16, 2024

In 7-2 ruling, justices dismiss arguments of payday lenders and CUs that the funding mechanism is unconstitutional.

Former NCUA Chairs Support Third-Party Vendor Authority

By Michael Ogden | May 14, 2024

The four former leaders file letters with lawmakers expressing the need for expanding the NCUA's authority.

Former NCUA Chairs Support Third-Party Vendor Authority

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