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Fed raises interest rates 0.25% and adds another hike to its 2017 forecast

by Greg Robb, Market Watch:

The Federal Reserve on Wednesday raised a key U.S. interest rate for the first time in a year and signaled a more aggressive approach in 2017, when incoming president Donald Trump plans a full-throttle strategy to jack up the American economy

In a widely expected move, the central bank raised its key short-term rate to a range of 0.5%-0.75% from 0.25% to 0.5%. The vote was unanimous.

Read More @ Marketwatch.com

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