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Federal Reserve raises US interest rates again amid trade relations fears

Fed describes jobs market as ‘strong’ but chair Jay Powell acknowledges mounting concern among US executives over tradeThe Federal Reserve raised US interest rates again on Wednesday, the seventh increase since 2015 when the central bank resumed raising rates after the last recession.The Fed move came after a two-day meeting where its members discussed the robust state of the US economy and the potential impact of a trade war amid rising tension between the US and its largest trading partners. Continue reading......

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Published By: theguardian.com - 6 days ago