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Published on Thursday, September 27, 2018 | Updated on Friday, September 28, 2018

U.S. | FOMC raises rate for third time this year, poised for fourth in December

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Summary

As we expected, the FOMC raised its benchmark rate for the third time this year. Markets reacted little to the widely anticipated 25bp increase, with 10-year treasury yields down a bit and equity prices up slightly.