Fed likely to raise interest rates later this year

• US Federal reseve is likely to stick with plans to raise interest rates later this year,with progress towards its employment and inflation goals helping allay concerns over the economy's recent weakness.
• central bank kept rates near zero since 2008 and bought $3.5trillion dollrs in bonds to pull economy from recession that had sent joblessness as high as 10%. 
• Unemployment is now cut almost half and runs near estimates of full employment and monthly job groeth so far this year has averaged 194000.