Photogallery - Janet Yellen raises rates, statement 'less hawkish' than feared, says Bill Gross

Chair of the U.S. Board of Governors of the Federal Reserve System raised the overnight federal funds rate by 25 basis points to a range of 0.75 to 1.00 percent in a widely anticipated move today, which marks the second of several marking renewed confidence in the U.S. economy on the part of Ms. Yellen.

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