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Fed Raises Rates and Signals Faster Path Next Year

WASHINGTON—The Federal Reserve said it would raise short-term interest rates a quarter-percentage point and signaled it could lift them at a slightly more aggressive pace in coming years to keep the strengthening economy on an eve

The Fed is set to raise interest rates again — here’s how it happens and why it matters

The Fed is set to raise interest rates again — here’s how it happens and why it matters

Fed Chairman Jerome Powell Mark Wilson/Getty; Samantha Lee/Business Insider The Federal Reserve is set to raise its benchmark interest rate again Wednesday. The Fed adjusts the interest rates that banks charge to borrow from one another, which is eventually passed on to consumers. Banks give out money all the time — for a fee. When…

Urgent rates decision likely to face next head of China’s central bank

SHANGHAI/BEIJING (Reuters) - China’s central bank will probably have to respond to an expected U.S. interest rate rise at a particularly sensitive time later this month. FILE PHOTO: A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic/File Photo Zhou…

With rates low, Fed officials fret over next U.S. recession

NEW YORK/LOS ANGELES (Reuters) - Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low. In the midst of an unprecedented leadership transition, Fed officials…