BREAKING NEWS: Federal Reserve Hikes Interest Rates for First Time in a Year

At the conclusion of its two-day policy meeting, the Federal Open Market Committee on Wednesday opted to raise short-term interest rates by ...

At the conclusion of its two-day policy meeting, the Federal Open Market Committee on Wednesday opted to raise short-term interest rates by 0.25 percentage point to a range of 0.50% and 0.75%. The increase was only the second since 2006; the first was last December when the central bank raised rates by the same margin.

More on this story: http://www.foxbusiness.com/markets/2016/12/14/fed-raises-rates-sees-faster-pace-increases-in-2017.html



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