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Key takeaways from Federal Reserve rate hike

The US Federal Reserve had last night hiked interest rates by 0.25 percent for the first time in about a decade,signalling that the US economy is strengthening. The US central bank has said it is likely to proceed gradually in normalising the interest rates, although future policy actions will depend on how the economy evolves relative to its objectives of maximum employment and a two percent inflation.

Dec 17, 2015, 15:59 PM IST