WASHINGTON | Fed lifts rates for 4th time this year but sees fewer hikes

WASHINGTON  — The Federal Reserve is raising its key interest rate for the fourth time this year to reflect the U.S. economy’s continued strength but signaling that it expects to slow hikes next year.

The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifts the Fed’s benchmark rate to its highest point since 2008. The increase will mean higher borrowing costs for many consumers…