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Fed Raises Interest Rate to 2.25 Percent
WASHINGTON (Reuters) - The Federal Reserve raised U.S. interest rates on Tuesday by a quarter-percentage point for the fifth time this year and said it will keep gradually lifting them from rock-bottom levels to forestall inflation. The unanimous and widely expected decision by the central bank'... : Fed Raises Interest Rate to 2.25 PercentDollar Cheers Up as Fed Rate Rise Looms
By Christina Fincher LONDON (Reuters) - The dollar rose toward this week's highs against the euro and the yen on Friday as investors speculated an upcoming U.S. central bank meeting could hint at interest rates climbing at a faster pace. Markets have already priced in a quarter-point rise in U.S. rates next Tuesday and attention will focus on whether the Federal Reserve's... : Dollar Cheers Up as Fed Rate Rise LoomsJob Gains Strong But Jobless Rate Rises
By Tim Ahmann WASHINGTON (Reuters) - U.S. employers created 262,000 jobs last month, the biggest gain in four months and double January's pace, but the good news for workers was tempered by a rise in the jobless rate. Other reports on Friday showed an unexpected, if slim, rise in factory orders in January and a dip in consumer... : Job Gains Strong But Jobless Rate RisesOil Steadies, China Rate Hike Unsettles
LONDON (Reuters) - Oil prices steadied on Friday after an eight percent rout driven by a surprise interest rate hike in China that raised doubts about demand from the world's second largest energy user. U.S. light crude (CLc1: Quote , Profile , Research ) gained 24 cents to $51.16 a barrel after losing $1.54 on Thursday. London Brent crude... : Oil Steadies, China Rate Hike Unsettles
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