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| November 20, 2018

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Fed hikes key interest rate and readies plan to reduce assets in validation of economic recovery -

Fed hikes key interest rate and readies plan to reduce assets in validation of economic recovery

Federal Reserve policymakers on Wednesday enacted their third small hike in a key interest rate in six months, a move that will push it above 1% for the first time since the 2008 financial crisis.

The 0.25 percentage point increase in the federal funds rate, which was widely expected by financial…


L.A. Times – Business

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