Thursday, March 16, 2017

US Federal Reserve

The US Federal Reserve has raised its benchmark interest rate by 0.25% for only the third time in a decade.
The central bank voted to raise its key rate target to a range of 0.75% to 1%.
The Fed had been expected to raise rates after a robust February jobs report, solid pay gains, rising inflation and a dip in the unemployment rate to 4.7%.

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