• Federal Reserve Lifts Interest Rates for Second Time This Year

    6 days ago - By WWD

    The U.S.'s central bank lifted interest rates for the second time this year on Wednesday and signaled that more increases are on their way before 2018 is over as the world's biggest economy continues to recover.
    In a move widely expected by the markets, the Federal Reserve pushed up the target range for the federal funds rate to 2 percent from 1.75 percent following its monthly two-day meeting.
    The move marks the seventh rate hike since the end of 2015. Rates are now at their highest level since the global financial crisis began as policymakers wean the U.S. economy off easy monetary...
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