Party&#39;s over for low interest rates as Fed lifts benchmark to 2%
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The Federal Reserve raised the benchmark US interest rate Wednesday by a quarter of a percentage point to 2 percent, citing a stronger labor market with a gain of 337,000 US jobs last month.
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In a meeting of the Federal Open Market Committee Wednesday, the policy makers fulfilled the expectations of the analysts announcing a quarter-point rise in its target for the Federal funds Rate, bringing it 2% from 1.75%, the highest level since November
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The US Federal Reserve cuts interest rates from 4.75% to 4.5% to help kickstart housing and credit markets.
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The dollar recovered from record lows  against the euro and clung near two-week highs versus the yen  on Thursday after the Federal Reserve indicated it would press  on with its tightening campaign.
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The Federal Reserve raised U.S. interest rates on Tuesday by a quarter-percentage point for the fifth time this year and said it will keep gradually lifting them from rock-bottom levels to forestall inflation.
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The Federal Reserve on Thursday held  benchmark U.S. interest rates steady at 5.25 percent for an  eighth straight meeting and dropped a description of core  inflation as &quot;elevated.&quot;
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The Federal Reserve raised official interest rates last month for the third time this year despite a mixed economic outlook. The rate increase took the benchmark federal funds rate to 1.75 percent from 1.50 percent.
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Consumers may not notice for another month, but the Federal Reserve yesterday concluded that the that the economy &quot;appears to have regained some traction&quot; and raised its key
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The US Federal Reserve raises rates for the fifth time this year, taking them a quarter percentage point higher to 2.25%.
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A group of US and European banks borrow $2bn from the Federal Reserve to ease credit woes, following recent turmoil.
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The Federal Reserve cut the target on a key short-term interest rate by a half of a percentage point today to 4.75 percent, further acknowledgment from the central bank that the mortgage meltdown plaguing Wall Street and Main Street could have a negative impact on the economy.
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After the Federal Reserve made an unscheduled interest-rate cut of three-quarters of a percentage point, the broad stock market rallied, eking out a modest gain for the week.
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The U.S. Federal Reserve on Tuesday slashed benchmark U.S. interest rates by a half-percentage point in a bold bid to buffer the economy from a housing slump and related financial market turbulence.
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US Federal Reserve policymakers, heartened by a burst in new jobs in October, raised key short-term interest rates and hinted at further small increases ahead.
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The Federal Reserve&#39;s policy year was fittingly capped on Dec. 14 with another quarter-point rate hike. This widely expected move by the Federal Open Market Committee, the Fed&#39;s rate-setting arm, lifted the Fed funds rate to 2.25%.
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The Federal Reserve unexpectedly slashed a key interest rate by a bold three-fourths of a percentage point on Tuesday, responding to a global plunge in stock markets that heightened concerns about a recession. The Fed signaled that further rate cuts were likely.
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The Federal Reserve on Tuesday slashed U.S. interest rates by a hefty half-percentage point in a bold bid to shield the economy from a housing slump and financial turbulence, sparking a big rally on Wall Street.