Article: Urgent: US Fed raises federal funds rate to 2.5 percent

Urgent: US Fed raises federal funds rate to 2.5 percent

WASHINGTON, Feb. 2 (Xinhua) -- The US Federal Reserve decided Wednesday to raise the federal funds rate, which commercial banks charge each other on overnight loans, by another quarter point to 2.5 percent.

This is the sixth consecutive time since last June the ...

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