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World Markets React Positively to Fed Interest Rate Hike

Global investors Thursday welcomed the U.S. central bank's decision to raise interest rates for the first time since the 2008 global financial crisis. In a long-expected move, the Federal Reserve Wednesday raised its main interest rate by a quarter of a percentage point, pushing it up from near zero where it has been for seven years. Federal Reserve chair Janet Yellen said policy makers decided to increase the rate as the U.S. economy expands "at a moderate pace."...

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