Five key takeaways from US Federal Reserve's policy meeting

The Fed stuck to its outlook for two additional rate increases this year and three more in 2018

The Federal Reserve Chair Janet Yellen, in a widely expected move, increased the interest rates in US by 25 basis points to a range of 0.75% to 1% on Wednesday, but appeared less hawkish than expected.  

The move to lift the target overnight interest rate was taken on the back of steady economic growth, strong job gains and confidence that inflation is rising to the Fed’s target.

The latest Fed hike marks the first increase in 2017 and third one in the last two years. The central bank lifted rates once in December 2016 and December 2015 each. 

The Fed also stuck