Fed opts for small rate hike, still expects to deliver 'ongoing increases'

Fed opts for small rate hike, still expects to deliver 'ongoing increases' https://ift.tt/c5ZCb9j

"Inflation has eased somewhat but remains elevated," the U.S. central bank said in a statement that marked an explicit acknowledgement of the progress made in lowering the pace of price increases from the 40-year highs hit last year.