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BMO

Fed lifts rates, sees faster pace of hikes in Trump’s first year

The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration’s promises of tax cuts, spending and deregulation. The increase in the federal funds rate to a range of between 0.50 percent and 0.75 percent was widely expected. But

Fields of Debt: Falling prices, borrowing binge haunt Midwest ‘go-go farmers’

Some farmers loaded up on easy credit when grain prices were high – and kept borrowing after they crashed. Now debt and delinquencies are rising fast, raising fears of broader turmoil in U.S. agriculture. NEWTON COUNTY, Indiana – A third-generation farmer, Matt Gibson eyed a big expansion of his family’s business in late 2011, as