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Your Daily Dose of Financial News

BY: Michael D. Reif | December 20, 2018

The Federal Reserve, as long forecast, raised its benchmark interest rate a quarter point on Wednesday. Chair Powell noted that a downturn in financial markets and weakened financial growth “may signal some softening relative to” what was expected a few months ago. Still, he characterized the shift as “not fundamentally alter[ing] the outlook” – NYTimes … Continue reading