The rate decision of the Federal Reserve is shown on a television on the floor of the New York Stock Exchange, Wednesday, June 14, 2017. The Federal Reserve is hiking a key interest rate for the second time this year and is planning to reduce the size of its $4.5 trillion balance sheet as well.
The rate decision of the Federal Reserve is shown on a television on the floor of the New York Stock Exchange, Wednesday, June 14, 2017. The Federal Reserve is hiking a key interest rate for the second time this year and is planning to reduce the size of its $4.5 trillion balance sheet as well. Richard Drew AP
The rate decision of the Federal Reserve is shown on a television on the floor of the New York Stock Exchange, Wednesday, June 14, 2017. The Federal Reserve is hiking a key interest rate for the second time this year and is planning to reduce the size of its $4.5 trillion balance sheet as well. Richard Drew AP

Fed hikes key rate and unveils bond trimming plans

June 14, 2017 01:14 PM

UPDATED June 14, 2017 01:30 PM

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