WASHINGTON ― The U.S. Federal Reserve has announced that it will raise short-term interest rates, the first time since last decade’s financial crisis that the regulator has taken that step. Heralded as a “vote of confidence” in the U.S. economic recovery, the announcement of increases to a range of 0.25-0.5% was widely hyped. Officials stressed that rates will rise gradually, subject to further economic improvement.
U.S. key interest rate rises
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