Federal Reserve hikes US interest rates
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WASHINGTON - The US Federal Reserve, as expected, boosted its key interest rate on Tuesday for the third time in three months as it tries to stay one step ahead of inflation by gradually raising rates from 42-year lows.
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US Federal Reserve decided Tuesday to raise the federal funds rate, which commercial banks charge each other on overnight loans, by one-quarter percentage point to 2.25 percent from 2 percent.
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Federal Reserve policy makers raised the benchmark US interest rate a quarter point to 2.25 percent and restated a plan to carry out further increases at a ``measured&#39;&#39; pace.
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Federal Reserve officials are set to jack up interest rates tonight for a fifth time this year, confident the US expansion is self-supporting and no longer in need of rock-bottom borrowing costs for a boost.
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THE US Federal Reserve is set to press ahead this week with a further rise in American interest rates, with markets on alert for a signal of the pace and timing of future increases.
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The US dollar rose slightly against the euro yesterday as the Federal Reserve raised a key interest rate by a quarter-point and the US trade deficit was larger than expected.
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The U.S. Federal Reserve on Wednesday raised interest rates for a sixth straight time, extending a policy of gradually lifting borrowing costs to levels high enough to ward off inflation pressures.
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The US Federal Reserve decided Tuesday to raise the federal funds rate, which commercial banks charge each other on overnight loans, by a quarter percentage points to 1.75 percent.
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The U.S. Federal Reserve on Tuesday  raised interest rates for the third time this year by a quarter  of a percentage point and said the economy was regaining  momentum, signaling at least one more to come.
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The Federal Reserve yesterday raised its key interest rate for the fifth time since June, signaling that it expects the economy to grow moderately and interest rates to rise gradually in the new year.
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The US Federal Reserve, headed by Alan Greenspan, raises interest rates by 0.25% in a widely anticipated move.
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The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point Tuesday, marking the third increase this year.
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Description: The Federal Reserve is raising interest rates for the fifth time since June. The quarter-point increase will put the federal funds rate at 2 1/4 percent.
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Short-term interest rates were raised for the fifth time this year on Tuesday. The Federal Reserve has hiked the base rate a quarter-point to 2.25-percent.
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WASHINGTON - The US Federal Reserve Board late yesterday boosted short-term interest rates for the fifth time in a row, warning of higher rates next year as it abandons easy money to head off inflation.
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The Federal Reserve raised a key rate for the fourth time in five months, saying that the U.S. economy is gaining steam.
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US stocks gained yesterday, after the Federal Reserve raised interest rates as expected, while it reassured investors that inflation was in check and indicated the economy was growing at a moderate pace.