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US Fed raises key interest rate to 1.0-1.25 pc

AFP  |  Washington 

The US Federal Reserve raised its benchmark by a quarter point to 1.0-1.25 pc today and signaled another increase remains likely this year, despite the recent spate of weak economic data.

In explaining the second of 2017, the Fed noted that "the labor market has continued to strengthen and that economic activity has been rising moderately so far this year," but acknowledged that the preferred measure will remain below the two percent target for some time.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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US Fed raises key interest rate to 1.0-1.25 pc

The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25 pc today and signaled another increase remains likely this year, despite the recent spate of weak economic data. In explaining the second rate hike of 2017, the Fed noted that "the labor market has continued to strengthen and that economic activity has been rising moderately so far this year," but acknowledged that the preferred inflation measure will remain below the two percent target for some time. The US Federal Reserve raised its benchmark by a quarter point to 1.0-1.25 pc today and signaled another increase remains likely this year, despite the recent spate of weak economic data.

In explaining the second of 2017, the Fed noted that "the labor market has continued to strengthen and that economic activity has been rising moderately so far this year," but acknowledged that the preferred measure will remain below the two percent target for some time.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

US Fed raises key interest rate to 1.0-1.25 pc

The US Federal Reserve raised its benchmark by a quarter point to 1.0-1.25 pc today and signaled another increase remains likely this year, despite the recent spate of weak economic data.

In explaining the second of 2017, the Fed noted that "the labor market has continued to strengthen and that economic activity has been rising moderately so far this year," but acknowledged that the preferred measure will remain below the two percent target for some time.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22