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- May 22, 2013
- Updated: 2:59am
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Man of the moment Riccardo Tisci's dark, sensual designs for Givenchy come straight from the heart, writes Jing Zhang.
10:53PM
The Federal Reserve raised US interest rates for the first time in four years yesterday. The rise of 0.25 per cent is the first of a likely series of increases to keep inflation at bay.
The decision moves the benchmark federal funds rate - which affects credit costs throughout the economy - to 1.25 per cent, and ends an easing cycle that began in 2001 and took the key rate to 1 per cent, its lowest level since 1958.
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