Global weekly: One more step back to normal

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The Federal Reserve hiked rates this week, in a confirmation that economic growth remains steady. It is also a clear signal that the US central bank is committed to normalising rates.

The US Federal Reserve raised the federal funds rate by a quarter percentage point to a range between 1.0% and 1.25% this week. The move was widely expected. The Fed is also providing clear guidance that one more hike is expected in 2017. 

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