Fed Raises Rates, Sees Three More Hikes in 2017

The transcript discusses the Federal Reserve's decision to adjust interest rates by a quarter percentage point, projecting three rate hikes in 2017, and maintaining three hikes for 2018 and 2019. The terminal rate is expected to rise to 3%. The statement highlights solid job gains and a slight decrease in the unemployment rate forecast. Inflation has increased, but official forecasts remain unchanged. Economic growth is projected to rise slightly, with gradual increases in the Fed funds rate anticipated.

What is the new range for the interest rate after the recent adjustment?

• 100 to 125 basis points

• 75 to 100 basis points

• 50 to 75 basis points

• 25 to 50 basis points

How many rate hikes are projected for the year 2017?

• Two

• One

• Three

• Four

What is the expected unemployment rate for next year?

• 4.2%

• 5.0%

• 4.5%

• 4.8%

How have market-based measures of inflation compensation changed recently?

• Fluctuated unpredictably

• Remained stable

• Decreased significantly

• Moved up considerably

What is the projected growth rate for next year?

• 1.9%

• 2.0%

• 2.1%

• 2.2%