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Fed's key short-term rate is rising by a quarter-point to a still-low range of 0.75 percent to 1 percent. The central bank said in a statement that a strengthening job market and rising prices had moved it closer to its targets for employment and
likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank 's 2 percent target rate. Yellen also says in a speech in Chicago that the Fed expects steady economic improvement to justify
its forecast three months ago. The central bank said in a statement after its latest ..... mortgages or auto and student loans. The central bank doesn't directly affect those rates ..... the Fed projected in September. The central bank kept its long-term estimate for economic
Federal Reserve has estimated that growth will average below 2 percent. (During his campaign, Trump attacked the U.S. central bank as a pawn of Obama.) Even his tax plans have raised questions about whether single parents might face a higher tax burden
s trading session, the Nikkei was down 5.2 percent, after the Kyodo News agency reported that top officials from the Bank of Japan , Finance Ministry and Financial Services Agency would meet later in the day to discuss how to respond to possible wild fluctuations
it still plans to monitor global economic threats and financial developments to ensure they don't slow the economy. The central bank gave no hint of when it might resume the rate hikes it began in December, when it raised its benchmark rate from a record
Markets calmed and later recovered some of their losses after Bank of England Governor Mark Carney promised to take "all the necessary ..... International Monetary Fund to the U.S. Federal Reserve and the Bank of England have warned that a British exit will reverberate through