Source: International Business Times
The dollar climbed to a seven-week high Thursday after the rate decision before giving back some of those gains as oil prices declined. Getty Images The Federal Reserve's first interest-rate increase in more than three years is rippling through global financial markets, strengthening the dollar and keeping bond yields elevated as central banks contend with renewed inflation pressure tied partly to higher energy costs. The Fed on Wednesday raised its benchmark federal funds rate by a quarter percentage point to a range of 3.
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