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What you need to know on Wall Street today

Mar 21, 2018, 23:53 IST

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

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The Federal Reserve on Wednesday announced it decided to raise interest rates, and steepened its outlook for hikes in 2019 and 2020.

After a two-day meeting, the Federal Open Market Committee voted to increase its benchmark Fed funds rate by 25 basis points to a range of 1.50% to 1.75%. It was the sixth rate increase since late-2015, as America's central bank backed further away from emergency policies that helped heal the economy after the Great Recession a decade ago.

Here's the latest:

In other news, a feature on Robinhood's new web platform raises questions about the strength of its user base. Wall Street's biggest bull wants to dispel a major misconception about the stock market. And the stock market is doing something not seen since the financial crisis - and it means huge opportunities ahead.

And here's the latest in Facebook news:Elsewhere in tech news:

NOW WATCH: There's a surprising twist at the end of the 'synchronized global growth' story

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