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Federal Reserve hikes interest rates another quarter point

Hurricane-related disruptions and rebuilding have affected economic activity, employment, and Inflation in recent months but have not materially altered the outlook for the national economy. In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the Federal funds rate to 1-1/4 to 1-1/2 percent.

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Federal Reserve hikes interest rates another quarter point

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