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Federal Reserve

Watch: Yellen speaks after first rate hike this year

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For the second time in three months, the Federal Reserve increased its benchmark interest ratea quarter point amid rising confidence that the economy is poised for more robust growth.

The move, widely anticipated by financial markets, takes the overnight funds rate to a target range of 0.75 percent to 1 percent and sets the Fed on a likely path of regular hikes ahead.

More Fed coverage:

Here's what changed in the new Fed statement

The Fed maintains 2017, 2018 rate forecast

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