U.S. Federal Reserve raises interest rates for 1st time in 3 years

The U.S. Federal Reserve said it cut rates to help bring inflation back to the central bank's two per cent target. It's the first policy shift under the new Fed chief Kevin Warsh, who took office in late May after being selected by Trump with an expectation that he would ‌cut rates. Economists say those pressures aren't hitting Canada in quite the same way.

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