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Published on Wednesday, December 19, 2018 | Updated on Thursday, December 20, 2018

FOMC Stands by its stars

As we expected, the FOMC raised its benchmark rate for the fourth time this year to 2.25-2.50%. The assessment of growth, labor markets and inflation remained effectively unchanged. On the policy outlook, the FOMC reaffirmed that further rate increases are consistent with the ongoing expansion.