Updated: Fed raises key interest rate and foresees 3 hikes in 2017

WASHINGTON — The Federal Reserve has raised a key interest rate in response to a strengthening U.S. economy and expectations of higher inflation, and it foresees three more rate hikes in 2017. The Fed’s move will mean modestly higher rates on some loans. Wednesday’s action signaled the Fed’s belief that the U.S. economy has improved […]