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FOMC lifts fed funds rate to 1.75%-2%, signals 4 hikes in 2018


WASHINGTON (MarketWatch) - The Federal Reserve on Wednesday lifted a key U.S. interest rate to a range of 1.75% to 2% and signaled it will raise the cost of borrowing four times this year. Previously the central bank had forecast three rate hikes in 2018. The vote was 8-0. While the Fed said monetary