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Fed Interest-Rate Decision and Janet Yellen’s Press Conference—Recap
The Wall Street Journal (online registration required): The Federal Reserve decided Wednesday to lift its interest-rate target from near zero, seven years after it pushed its benchmark rate to the floor during the financial crisis. In a press conference after a two-day meeting, Fed Chairwoman Janet Yellen said the central bank would move gradually in raising rates further in coming years.
Catch up on the action as it unfolded throughout the day Wednesday.
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