Four Fed banks voted to raise rates

Published May 24, 2016 6:51pm ET



Four regional Federal Reserve banks voted in April to raise the interest rate the Fed charges on short-term emergency loans to banks, the central bank announced Tuesday, a sign that officials across the Federal Reserve system see the economy improving enough to tighten monetary policy.

Only two of the Fed’s 12 regional banks had requested discount rate increases in the month before.

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