The Federal Reserve raised interest rates Wednesday for the first time in three months, but foresaw fewer rate increases next year amid concerns about slowing global growth and financial market volatility.The central bank decided to increase its target range for the benchmark rate by 0.25 percentage point to 2.25 to 2.50 percent, it said in a statement issued after a two-day meeting of the policy-setting Federal Open Market Committee.It marked the fourth credit-tightening this year, a move that is likely to anger President Donald Trump who has repeatedly asserted that the Fed has been raisi…READ FULL ARTICLE
