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| How financial markets performed during the Yellen Fed years Yellen's Fed raised interest rates for the first time in 11 years in 2015 and four times since. Her predecessor Ben Bernanke set the fed funds rate at zero during the thick of the financial crisis in December 2008. The 2-year yield, the most reflective of Fed policy, rose from 0.34 percent to 2.14 percent during ...
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| EU seeks to soften rules for tackling failing banks This would help avoid "unintended consequences" to financial markets, an EU document due to be discussed at a meeting of EU member state officials later this week showed. "The Presidency believes that the proposed compromise achieves the desired policy objectives by taking into account the many ...
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