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Federal Reserve hikes key interest rate another quarter-point

361 views · Published 14 June 2018 · 1:15 · Indexed 21 September 2026

Channel: CBS News · 2018 · News & Politics

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The Federal Reserve raised a key interest rate another quarter-point on Wednesday. The federal funds target rate, which is now between 1.75 and 2 percent, is the highest it's been in nearly a decade, indicating that the nation's central bank has confidence the economy will continue to expand.

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