U.S. Central
Bank Raises Interest Rates, Keeps 2018 Monetary Policy Outlook
Unchanged
December 14, 2017
The U.S. Federal Reserve announced
today that it has raised key interest rates by a quarter
percentage to between 1.25% and 1.50%. But kept its outlook for
the next few years unchanged despite policymakers predicting
faster U.S. economic growth in the short term.
The U.S. Federal Reserve said in a
statement that the number of jobs created during the previous
months of this year is solid, unemployment rates fell by 1.4%,
and inflation is expected to remain slightly below 2% for the
coming 12 months.
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