The Fed: More Rate-Hike Clues
The central bank’s more upbeat assessment of the economy and the labor market, along with new interest-rate projections, reinforces expectations of a fed funds hike in 2015.
The value of an investment in fixed-income securities will change as interest rates fluctuate and in response to market movements. As interest rates fall, the prices of debt securities tend to rise. As rates rise, prices tend to fall.