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Published 2 years ago

US stocks rally as Fed minutes meet expectations

Summary by Ground News
Minutes from the Federal Reserve's latest monetary policy meeting showed policymakers unanimously felt the U.S. economy was very strong. The minutes came after a 50-basis-point hike in the Fed funds target rate - the biggest jump in 22 years. The Commerce Department is due to release its second take on first-quarter GDP, which analysts expect to slow a slightly shallower contraction.

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