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Fed lifts rates amid stronger inflation, drops crisis-era guidance

Updated : June 14, 2018 06:13 AM IST

The Fed dropped its pledge to keep rates low enough to stimulate the economy "for some time" and signalled it would tolerate inflation above its 2 percent target at least through 2020.
Fed policymakers projected gross domestic product would grow 2.8 percent this year.
Fed lifts rates amid stronger inflation, drops crisis-era guidance

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