Comment on Federal Reserve hikes interest rate to highest level in a decade amid stronger economy

Federal Reserve hikes interest rate to highest level in a decade amid stronger economy

The Federal Reserve on Wednesday lifted its key interest rate from 1.5 percent to 1.75 percent, the highest level since 2008.The move, the central bank's first major decision under new Chairman Jerome Powell, was widely expected as the U.S. economy continues to strengthen and stock markets remain near record highs.

 

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