Printing Supervisor Donavan Elliott inspects newly printed sheets of one dollar bills at the Bureau of Engraving and Printing in Washington, DC. Photo: Getty Images

US Fed increases interest rate by 25 bp as era of cheap money ends

The central bank’s statement suggests that three further rises should be expected in 2017; Yellen says US economy ‘remarkably resilient’

Topic |   Federal Reserve

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Printing Supervisor Donavan Elliott inspects newly printed sheets of one dollar bills at the Bureau of Engraving and Printing in Washington, DC. Photo: Getty Images
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