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Fed raises interest rates again in further sign of confidence in US economy

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By umbertino,
in World Economy

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Central bank raises rate from 1% to 1.25% and plans to reduce bond holdings

 

Committee says job market has strengthened and suggests more rises in future

 

 

Dominic Rushe in New York

Wednesday 14 June 2017 19.56 BST

 

 

3500.jpg?w=700&q=55&auto=format&usm=12&fit=max&s=4d3fa04414a5ac5649673e6e0184d456
The Federal Reserve chair, Janet Yellen. The hikes follow a run of jobs growth in the US that has driven the unemployment rate down to its lowest level in 16 years.
Photograph: Yuri Gripas/Reuters

 

 

 

 

 

https://www.theguardian.com/business/2017/jun/14/federal-reserve-interest-rates-increase-us-economy

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