While you were sleeping: Fed lifts rates

Wed, 14 Jun 2017

By Margreet Dietz June 15 (BusinessDesk) - Wall Street gave up earlier gains after the Federal Reserve announced its second interest rate increase this year, signalling another rate hike as well as a start to trimming its balance sheet this year. “Our decision to make another gradual reduction in the amount of policy accommodation reflects the progress the economy has made, and is expected to make,” Fed Chair Janet Yellen said at a press conference. At the end of its two-day meeting, the Federal Open Market Committee announced its dec...

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