Federal Reserve raises rates by 25 basis points
U.S. stocks rallied Wednesday, extending gains to a third day, after the Federal Reserve raised its key interest rate
The highly anticipated move read as a vote of confidence in the U.S. economy, though inflation missed the FED target for three years
By stressing that the pace of interest-rate hikes would be “gradual,” the Fed tried to assuage investor fears about ending a protracted period of ultralow rates, which have helped fuel a…
Fed rate hike – seven year wait is over
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