The Federal Reserve increased the target range for its benchmark interest rate by 0.25% to a range of 1.75%-2%, the highest since September 2008. In raising its benchmark interest rate, the Fed cited an economy that is growing at a "solid" rate and would likely include two more rate hikes in 2018.
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Wednesday, June 13, 2018
Fed hikes rate to highest rate since 2008, indicates two more increases in 2018
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