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Federal Reserve bumps up interest rate, signals two more hikes likely in 2018

Washington Post
Federal Reserve bumps up interest rate, signals two more hikes likely in 2018

The Federal Reserve hiked the United States' benchmark interest rate a quarter point Wednesday to a range of 1.75 percent to 2 percent, a move that will probably cause a slight increase in mortgage, credit card, auto loan and small-business loan rates. This hike, which was widely expected, is the