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FOMC OKs 25 bps rate increase; more expected this year

Thursday, March 16, 2017  
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FOMC OKs 25 bps rate increase; more expected this year
The Federal Open Market Committee, the Federal Reserve's monetary policy setting arm, said after the close of a two-day meeting Wednesday that it is raising the federal funds target rate a quarter-point to a range of 0.75 to 1 percent.


 
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