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Fed raises interest rates but trims forecast for 2019 hikes to two
BaltimoreSun.com / Wed, 19 Dec 2018 11:10:00 PST

The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald Trump, while dialing back projections for interest rates and economic growth in 2019.

By trimming the number of rate hikes they foresee in 2019, to...

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