Financial Times FT.com

US Fed raises interest rates to 1.75%

By Christopher Swann in Washington

Published: September 22 2004 00:06 | Last updated: September 22 2004 00:06

The Federal Reserve has again raised interest rates by 25 basis points, taking the Fed funds rate to 1.75 per cent.

The Fed has now raised rates in each of its last three meetings.

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