The U.S. Federal Reserve increased the nation’s federal funds rate one-quarter of a percentage point Wednesday afternoon as expected, to a range of 1 to 1.25 percent, marking the second-straight quarter in which the Fed has raised the rate and continuing a tightening policy that dates to December 2015.
The focus now turns to the longer-term ramifications of this second rate hike in a matter of months and whether another increase will come in September.
In the short term, as with the last Fed increase,…
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