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Morning Bid: A timely hike

Source: reuters.com

Monetary PolicyInterest Rates & Yields
Morning Bid: A timely hike

The Federal Reserve raised its benchmark interest rate by 25bps to 3.75%-4.00%, its first increase in three years, and signaled further monetary tightening ahead. Stocks edged higher in early Thursday trading as investors absorbed the hawkish policy outlook, which raises borrowing-cost and valuation headwinds across markets.

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