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US Federal Reserve Raises Interest Rates

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On Wednesday, the US Federal Reserve raised interest rates for the second time in three months. In a statement, the Reserve cited continued economic growth and job market strength in the US as the main reasons. The reserve went on to announce that it would begin cutting its holdings of bonds and other securities later in 2017. The Fed added Wednesday, "The committee currently expects to begin implementing a balance sheet normalization program this year, provided that the economy evolves broadly as anticipated." With the move this week, the Fed has now raised interest rates four times as part of a normalization of monetary policy, which began in December 2015.

Added on the 14/06/2017 13:43:02 - Copyright : Wochit

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