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Inflation and Deflation
Federal Reserve signals an interest rate hike is getting closer
Federal Reserve signals an interest rate hike is getting closer

The Federal Reserve signaled Wednesday that its first interest rate hike in eight years is approaching as policymakers stopped indicating that short-term rates would remain near zero for “a considerable time.” Instead, the Fed said in a statement that, with the economy “expanding at a moderate pace” and “solid job gains and a lower unemployment rate,” the central bank could “be patient in beginning to normalize” interest rates. “Employment is rising at a healthy rate and the U.S. economy is strengthening,” Fed Chairwoman Janet L. Yellen said at a news conference after the central bank’s two-day policy meeting. The...

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