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Breaking News: The FED Raises Rates, Plans to Reduce Balance Sheet “This Year”

Posted on June 14th, 2017.

The key takeaway’s from today’s rate decision and statement: The Federal Reserve hiked interest rates to the target range of 1-1.25% as expected The FOMC plans to shrink its balance sheet later on this year, with no precise date included No significant mention of the recent softness in economic data, although the FED will...