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Fed raises rates 25 basis points after unanimous 12-0 FOMC vote

  • Federal Reserve raised interest rates by 25 basis points.
  • FOMC approved the increase unanimously, with a 12-0 vote.
  • ECB Governing Council member Rehn said the unanimity was important.

The Federal Reserve raised interest rates by 25 basis points, marking its first rate increase in three years. The FOMC (Federal Open Market Committee) approved the move unanimously in a 12-0 vote. European Central Bank Governing Council member Rehn said the unanimous nature of the decision was very important.

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Fed raises rates 25 basis points after unanimous 12-0 FOMC vote - CoinPost Terminal