US Federal Reserve raises interest rates again

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US Federal Reserve raises interest rates again

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AFP/Getty

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Federal Reserve Chairman Janet Yellen has raised interest rates three times this year

The US Federal Reserve has agreed to raise interest rates by 0.25%, the third rate rise in 2017.

Policymakers at the US central bank say the move underscores strength in the US economy.

It marks a further retreat from the ultra low rates that were put in place during the financial crisis to boost economic activity.

The Fed is targeting a rate of 1.25%-1.5% for its benchmark rate.

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