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Fed commentary remains broadly supportive of risky assets

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The Federal Reserve has raised US interest rates by 0.25 per cent, in line with expectations.

THE Federal Reserve has raised US interest rates by 0.25 per cent, in line with expectations. With the median FOMC participant now expecting three rate hikes next year (from two previously), and Fed chairwoman Janet Yellen sounding some caution over whether fiscal stimulus is necessary to reduce

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