■ The Fed said it would raise its benchmark interest rate to a range of 1.5 percent to 1.75 percent, marking the sixth time since the financial crisis that it has raised rates.

■ The Fed said at the conclusion of a two-day policy meeting that it expects to increase rates another two times this year as it continues its climb back to more normal interest rate levels. Officials also increased their expectations for economic growth this year in the United States, declaring that “the economic outlook has strengthened in recent months.” They said they expect to raise interest rates three times next year, an increase from the two increases in 2019 that they forecast in December.