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Why the Federal Reserve is lifting rates now, and what it means

Why the Federal Reserve is lifting rates now, and what it means
Photo: KSTP 5 Eyewitness News (ABC) · view original

WASHINGTON (AP) — About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged. But on Wednesday, the Fed’s rate-setting committee unanimously agreed to a rate hike, and nearly all policymakers signaled that a second...

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