Yahoo! News – Fed Pushes Rate Up Quarter of a Point: “The rate […] had been at a 46-year low of 1 percent just six weeks ago when the Fed raised it to 1.25 percent, the first increase in four years.
The Fed action this week had been expected as analysts predicted the central bank would continue with its campaign to raise rates even in the face of last Friday’s report that showed job creation slowed to a near-standstill last month. “
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