In a move widely expected by markets, the Federal Reserve has increased rates for the second time this year by a further 25bps, and has indicated it is still planning to raise them once more in 2017, despite weaker economic data.
Following a two-day meeting, the Federal Open Market Committee (FOMC) has voted by a majority of 8 to 1 to increase the Federal Funds Rate to 1%-1.25% from 0.75%-1%. This is the Fed's third consecutive...
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