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US federal reserve raises key interest rate for the first time since 2006

WorldDecember 17, 2015, 10:01 am

In a major move that will send ripple effects throughout the US and world economy, the federal reserve raised its key interest rate Wednesday by a quarter point. It had been at zero since December 2008. This is the Fed's first rate increase since June 2006, nearly 10 years ago.

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