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BREAKING NEWS: Fed Raises Interest Rates

The Federal Reserve’s Open Market Committee unanimously voted to raise its benchmark interest rate a quarter-point to a range of 1.5% to 1.75%, a move expected by most analysts, and it may raise rates more aggressively in the coming years. “The economic outlook has strengthened in recent months,” the Fed’s policy statement read. Federal Reserve officials revised their core inflation estimates to 2.1% next year and through 2020, up from 2%, says The Wall Street Journal.