Morning Scan: Fed Updates Rate Forecast; First Data Equity Raise

Receiving Wide Coverage ...

The FOMC and Rates: The Fed offered new insight into its thinking on interest rates at the conclusion of the central bank's two-day Federal Open Market Committee meeting, the Wall Street Journal reported. The upshot: the Fed appears to be more aggressive in its outlook for raising rates in the next two years, but less aggressive in raising rates beyond 2016. Officials estimated the benchmark federal funds rate will hit 1.2% by...