Economy Fed Reserve raises interest rates by 0.25%, foresees 2 more hikes this year Updated : March 24, 2018 07:37 AM IST It increased its estimate for rate hikes in 2019 from two to three. Powell's first news conference ended 15 minutes earlier. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.