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Will the Fed get the big stick out?

October 10, 2018
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The United States Federal Reserve overnight delivered a widelyexpected quarter percentage point increase in its benchmark fundstarget lending rate to 2.75 per cent, the seventh such move sincelast June. (Australian Financial Review — 20 hours ago)
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The US Federal Reserve has put the wind up jittery financialmarkets by sounding the alarm over growing inflation pressureswhile delivering another widely expected quarter of a per centinterest rate increase. (Australian Financial Review — 16 hours ago)
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The Federal Reserve, noting rising price pressures, nudged up its key short-term interest rate Tuesday for the seventh time since June and signaled it will keep raising it in coming months. (Washington Post — 9 hours ago)
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The Federal Reserve nudged up short-term interest rates and said that inflation pressures “have picked up in recent months.” (New York Times — 16 hours ago)
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The Australian dollar opened unchanged on Wednesday, however itfell over half a US cent early this morning after the US centralbank pushed up interest rates. (Australian Financial Review — 20 hours ago)
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The Federal Reserve today raised US interest rates a quarter percentage point for a seventh straight time and said it can keep lifting rates at a gradual pace to muzzle inflation. (The Australian — 23 hours ago)
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The dollar fell sharply today, losing US0.5c as the US Federal Reserve sounded a note of caution about inflation in its statement accompanying last night’s interest rate hike. (The Australian — 12 hours ago)
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