6PM Call: The Market Remains Calm After a Rate Hike from the Fed - VTO Update
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The Fed meeting ended last night with a rate hike of 0.25%. The decision was based on lower unemployment rates and inflation heading towards the Fed’s target of 2%. As the US economy continues to show signs of improvement, there is a chance that the Fed will raise interest rates 3 more times in 2017 (11 out of 17 voters are calling for this).
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