Fed Raises Interest Rate A 4th Time, To 2 Percent
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The Federal Reserve suggested that it would continue to raise interest rates gradually through much of next year.
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As the whole world expected, the Federal Reserve continued its policy of normalizing short-term rates by raising its policy target to 2 percent this week.
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The Federal Reserve is expected to nudge interest rates up for a fourth time this year on Wednesday, acting on the belief that the economy has finally emerged from an extended "soft patch."
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WASHINGTON - The US Federal Reserve on Wendesday raised interest rates by a quarter of percentage point to 2 per cent, a move that was widely predicted by economists.
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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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WASHINGTON - Federal Reserve policy-makers boosted interest rates for a third time this year, and economists believe there probably will be another increase before the year is over depending on how the economic expansion unfolds.    Fed Chairman Alan Greenspan and his colleagues pushed up the target for the federal funds rate to 1.75 percent on Tuesday, the third quarter-point upward jog since June...
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The Federal Reserve raised a key interest rate another quarter- percentage point Tuesday, continuing its campaign to gradually remove the cheap money stimulus that it used to help jump-start the recovery from the 2001 recession.
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THE United States Federal Reserve is expected to raise the bellwether federal funds rate, which banks charge each other for overnight loans, by a quarter point to 2.25 per cent today.
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America&#39;s central bank, the Federal Reserve, last night raised interest rates for the fourth time in six months and warned US consumers and businesses to expect further increases in the cost of borrowing over the coming months.
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Federal Reserve policy-makers raised the benchmark US interest rate a quarter point to 2.25 per cent and restated a plan to carry out
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The Federal Reserve raised short-term interest rates a quarter-point for the fourth time in five months Wednesday, extending its campaign to keep inflation in check after the economy showed impressive job growth over the past three months.
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THE US Federal Reserve has raised interest rates for the fifth time since June and signalled it was likely to keep pushing them higher at a &quot;measured&quot; pace in the new year.
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NEW YORK - In a widely expected move, the Federal Reserve (search) Wednesday raised its target for the federal funds rate by a quarter percentage point to 2 percent, citing brightening job markets that likely mean more increases lie ahead.
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China&#39;s central bank raised interest rates for the second time in less than a month on Friday in an attempt to rein in soaring food prices, excessive bank lending and bubbles in the property and stock markets.
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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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Federal Reserve policy-makers were expected to raise US interest rates on Tuesday for a third time this year, continuing to lift borrowing costs from rock
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The US Federal Reserve raises interest rates to 2.25%, the fifth increase this year.