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Fed Raises Rates After Seven Years Near Zero, Expects ‘Gradual’ Tightening Path Wall Street Journal (12/17/15) Jon Hilsenrath; Ben Leubsdorf The U.S. Federal Reserve yesterday announced it will increase interest rates. Fed officials plan to increase the benchmark federal-funds rate from near zero to between 0.25% and 0.5%, and will adjust their strategy as they… Read more »