Federal Reserve raises rates for second time in three months

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http://img-s-msn-com.akamaized.net/tenant/amp/entityid/BBCGPwP.img?h=100&w=100&m=6&q=60&o=f&l=f&x=153&y=68The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. eco**my and strengthening job market. In lifting its benchmark lending rate by a quarter percentage point to a target range of 1.00 percent to 1.25 percent and forecasting one more hike this year, the Fed seemed to largely brush off ...

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