Federal Reserve hikes rate to 3.75%-4.00%, the first increase in three years

The Federal Open Market Committee increased its benchmark interest rate by 25 basis points on Wednesday, as widely expected, the first rate hike in more than three years. The adjustment is intended to ...

The Federal Open Market Committee increased its benchmark interest rate by 25 basis points on Wednesday, as widely expected, the first rate hike in more than three years. The adjustment is intended to ...

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