U.S. Federal Reserve Set to Raise Rates

    At 2 p.m. today, the U.S. Federal Reserve is set to raise rates for the first time since 2006. Markets are prepared for a 25 basis point liftoff, says Reuters. Fed officials have given indication that they will act cautiously to support a slight recovery. When the U.S. Federal Reserve met in September, it left rates unchanged, citing a poor world economy.

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