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Fed Raises Interest Rates, Signals 2 More Hikes This Year

Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Chicago on April 6. The central bank raised a key short-term rate by a quarter-point on Wednesday, the second increase this year. (Charles Rex Arbogast/AP)
Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Chicago on April 6. The central bank raised a key short-term rate by a quarter-point on Wednesday, the second increase this year. (Charles Rex Arbogast/AP)

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