(RTTNews) - Despite recent turmoil in the banking industry, the Federal Reserve on Wednesday announced that is has decided to continue raising interest rates. The Fed acknowledged recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation but noted the extent of these effects is uncertain. "The 25bp rate hike and new projections unveiled by the Fed today were towards the more dovish end of potential outcomes," said Andrew Hunter, Deputy Chief U.S.