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American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

Stocks rise as investors weigh Fed rate hike and economic data

A2D News Desk

U.S. Stock futures climbed Saturday after the Federal Reserve raised its key interest rate by a quarter-point to a range of 3.75% to 4.00% and indicated borrowing costs could rise further. The move affects household expenses including credit card bills and mortgage payments.

August retail sales increased 1.2%, while import prices rose 0.7%. Investors are weighing whether higher rates will weaken banks and housing or whether steady consumer demand will support parts of the economy.

Read the full story at finance.yahoo.com.

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