Fed ups rate by quarter point
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For the third time in as many meetings, the Federal Reserve raised a key interest rate by a quarter of a point, which experts say sends a message the economy is moving in the right direction at the right speed.
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By Andrew Balls in Washington and Jennifer Hughes in New York. The Federal Reserve on Tuesday raised interest rates by a quarter point, to 2.25 per cent, and signalled there had been no change in its assessment of current economic conditions.
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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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The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point today, marking the third increase this year.
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The Federal Reserve has raised US interest rates by a quarter-percentage point for the fifth time this year and said it will keep gradually lifting them from rock-bottom levels as the economy grows.
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The Federal Reserve pushed US interest rates up by a modest quarter-percentage point on Tuesday and expressed confidence that inflation could be kept at bay by slowly lifting credit costs from rock-bottom levels.
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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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The US Federal Reserve raised interest rates on Tuesday by a quarter percentage point as expected, the third straight rise in a bid to keep a lid on inflation pressures despite some signs of economic softness.
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WASHINGTON - The Federal Reserve raised its target for short-term interest rates Wednesday, comfortable that the economy has passed late spring&#39;s &quot;soft patch.
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The US Federal Reserve raises interest rates to 2.25%, the fifth increase this year.
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The US Federal Reserve yesterday raised interest rates by a quarter point to 2.25 per cent and signalled that there had been no change in its assessment of economic conditions.
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NEW YORK - In a widely expected move, the Federal Reserve (search) Tuesday raised its target for the federal funds rate by 25 basis points to 1.75 percent, its third rate increase in a row.
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The US Federal Reserve raises interest rates to 1.75%, the third rise this year, indicating a recovery in the world's largest economy is on track.
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NEW YORK, September 21  - The US Federal Reserve raised the interest rates by a quarter percentage point today, in-line with the broad expectations.
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The Federal Reserve didn&#39;t surprise anyone yesterday, as its policy-making body increased its key interest rate by one quarter percent, to 2 percent.
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Federal Reserve policy makers raised the benchmark US interest rate for a fourth straight time and restated a plan to carry out further increases at a ``measured&#39;&#39; pace.
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The Federal Reserve yesterday raised its key interest rate to the highest level in three years, suggesting more increases will follow as the economy gains strength.