Fed Raises Rates After Seven Years at Zero

he Federal Reserve said it would raise its benchmark interest rate from near zero—to 0.25% to 0.50%—for the first time since December 2008, and emphasized it will likely lift it gradually thereafter in a test of the economy’s capacity to stand on its own with less support from super easy monetary policy.

from WSJ.com: US Business http://ift.tt/1TQl8Tu
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