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Update news Federal Reserve
The US Federal Reserve has raised interest rates again. Officials increased the target for the bank's benchmark rate by 0.25%, to a range of 2%-2.25%. A majority of members also said they expect another rise before the end of the year.
The US central bank has decided not to raise interest rates, keeping them at the same level they have been at since December 2008.
The US Federal Reserve said the economy grew between April and May in its latest assessment of the economy, rebounding from a contraction in the first quarter.
Shares in the US fell sharply on Tuesday, as investors fretted that the Federal Reserve could raise interest rates earlier than expected.
The US Federal Reserve has given Wall Street banks even more time to comply with parts of the Volcker Rule, a key provision of the 2010 Dodd-Frank financial reform bill.
U.S. Senate on Monday confirmed Janet Yellen as the next head of the Federal Reserve, to replace the outgoing Fed chairman Ben Bernanke whose term ends at the end of this month.
The US Federal Reserve has announced a slowdown in its effort to boost the US economy.
The Federal Reserve looks increasingly poised to start tapering its massive bond-buying program after economic data pointing to an improving job market, the central bank's top priority, economists said.