Another rate hike by Federal Reserve but assures slow pace in 2019
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Even after the attacks by US President Donald Trump, the Federal Reserve officials have announced another rate hike of the year on Wednesday. But they have also assured that the pace of rate hikes in 2019 will be slow. "Over the last year the economy has grown at a very strong pace, the unemployment rate has been near record lows, and even inflation has been low," said the Federal Reserve chairman Jerome Powell.