An improving economy highlighted by solid job growth is spurring Federal Reserve officials to strongly signal that they’ll nudge up a key interest rate again this month.
It is the clearest sign yet that the central bank is ready to move further away from the extraordinary measures it took to fight the Great Recession.
Fed Chairwoman Janet L. Yellen said Friday that another hike “would likely be appropriate” when monetary policymakers meet March 14-15, as long as incoming economic data remain positive.
That would be the second increase in three months, after the Fed waited 6½ years for the first hike following the end of the recession in 2009. It waited another...