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Fed nudges rates higher, explains plan to sell bonds
6/15/2017
Yellen
Mark Wilson/Getty Images

The Federal Reserve raised its key interest rate to the 1% to 1.25% range and offered details on how it plans to start selling the $4 trillion worth of bonds it bought under its quantitative-easing policy. Chair Janet Yellen said the decision to go ahead with both actions reflects the central bank's confidence in the prospects for the US economy.

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