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March 30, 2017

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Business > Global Markets
Fed raises rate and sees more hikes as US economy improves
The Federal Reserve has raised its benchmark interest rate for the second time in three months and forecast two additional hikes this year. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.
 
European stock markets flatlined on Wednesday before a widely expected Federal Reserve interest rate hike, while Dutch voters head to the polls.
 
Finance ministers from the world's top nations gather in Germany Friday as fears grow that U.S. President Donald Trump could upend the global economic order with his America First policy.
 
Representatives from countries that signed the failed Trans-Pacific Partnership began meeting Tuesday to discuss a possible new regional trade deal.
 
Saudi Arabia is committed to stabilizing the global oil market, the energy ministry of the world's biggest oil exporter said on Tuesday, as prices fell below US$48 a barrel.
 
The British pound slumped to an eight-week low point Tuesday on Brexit concerns, while markets were cautious overall ahead of a much-anticipated Federal Reserve policy meeting.
 
Asian markets mostly rose Monday following last week's forecast-busting U.S. jobs report but the dollar weakened against most other currencies, with this week's expected Federal Reserve interest rate hike already accounted for.
 
Now that the US is out, Beijing authorities may be interested in attending TPP talks
China is mulling participation in upcoming Trans-Pacific Partnership (TPP) talks to be held in Chile in the wake of the U.S.' withdrawal from the agreement, a Chinese foreign ministry spokesperson has said.
 
Energy firms led a broad sell-off in world stock markets Thursday following a plunge in oil prices.
 
European stock markets held steady on Wednesday as London waited on Britain's budget and Frankfurt digested solid German data.
 
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