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Federal Reserve raises key interest rate - TOC News Bot - 12-18-2015
Federal Reserve raises key interest rate
The Federal Reserve increased short-term interest rates for the first time in nearly a decade, raising its benchmark rate 0.25 percent from record lows set after the 2008 financial crisis. The Fed also indicated that further increases will likely be made slowly as the economy strengthens and inflation rises from undesirably low levels. Janet Yellen,