Fed lifts rates, signals tougher stance as economy strengthens

WASHINGTON (Reuters) - The U.S. Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, highlighting its growing confidence that tax cuts and government spending will boost the economy and inflation and spur more aggressive future tightening.

In its first policy meeting under new Fed chief Jerome Powell, the U.S. central bank indicated that inflation should finally move higher after years below its 2 percent target and that the economy had recently gained momentum.    ...more

RSK: Get ready for a ride. Lock in rates for as long as you can and keep paying down loan balances. Fed says there will be larger increases in the future.