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The Federal Reserve raised interest rates for the third time in 2017 on Wednesday, referencing an improving economy and labor market.
At the conclusion of the Federal Open Market Committee’s two-day meeting, policymakers hiked the benchmark interest rate 25 basis points to between 1.25% and 1.5%. 504 more words
WASHINGTON /December 14, 2017 (AP)(STL.NEWS) — The Latest on the Federal Reserve s monetary policy meeting (all times local): 11:15 a.m. The People s Bank of China says it is responding to market forces by raising the The post The Latest: China raises key policy rate after Fed s hike appeared first on STL.News.