Submitted by Admin on Wed, 03/15/2017 - 07:06

Will the Federal Reserve raise interest rates for the third time in a couple of years?

The Federal Reserve is expected to raise interest rates for the first time this year and the third time since December 2015 when the central bank began moving rates up from near-zero.

While a rate increase is virtually certain, economists will be looking to see whether officials bump up their forecasts for hikes over the next couple of years now that inflation and business confidence are picking up.

The rate hike will likely to have a domino effect on the economy as it gradually pushes up rates for everything from mortgages and credit card rates to small business loans.

Fed rate hike: 7 questions (and answers) via @usatoday

Fed expected to hike rates: 4 things to know via @CNNMoney

Futures point to higher open on Wall Street; Fed rate hike eyed