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Fed lifts rates for 4th time this year but sees fewer hikes

by Associated Press

Dec 19, 2018

The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifts the Fed’s benchmark rate to its highest point since 2008.

Federal Reserve Board Chairman Jerome Powell speaks during a press conference in Washington, DC, September 26, 2018.

SAUL LOEB/AFP/Getty Images