Interest Rates Expected To Go Up, With More Hikes To Come

Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Chicago on April 6. For the second time this year, the central bank is expected to raise a key short-term rate by a quarter-point on Wednesday.

The Fed has signaled that a total of three increases are likely in 2018. This would be the second. But, with unemployment low, the Fed could add more rate hikes to avoid sparking higher inflation.

(Image credit: Charles Rex Arbogast/AP)

Source: NPR