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Fed raises rates again, sees two more hikes in 2018

Reuters  |  NEW YORK 

NEW YORK (Reuters) - The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank's shift from policies used to battle the 2007-2009 financial crisis and recession.In raising its benchmark overnight lending rate a quarter of a percentage point to a range of between 1.75 percent and 2 percent, the Fed dropped its pledge to keep rates low enough to stimulate the economy "for some time" and signalled it would tolerate above-target inflation at least through 2020.COMMENTS:SHAWN CRUZ, MANAGER, TRADER STRATEGY, TD ...

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First Published: Thu, June 14 2018. 00:28 IST
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