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Dec 14, 2017
US Fed raises rate by 25 bps, keeps 2018 policy outlook unchanged; Trump tax cuts seen short-term boostThe expected fiscal stimulus, coming on the heels of a flurry of relatively bullish data, cleared the way for the US central bank to raise rates by a quarter of a percentage point to a range of 1.25 percent to 1.50 percent. It was the third rate hike this year.