Dollar and treasury yields rise as Fed hikes rates for first time since 2006

Widely expected by industry

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The Federal Reserve has raised interest rates for the first time since 2006, raising its target rate 25 basis points in a move widely expected by market participants.

The Federal Open Market Committee (FOMC) has finally decided to raise interest rates in the US to 0.25%-0.5%, following its December meeting. The US dollar rallied and treasury yields spiked on ...

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