NEW YORK -- The Federal Reserve's Open Market Committee followed through on expectations last week and raised short-term interest rates a quarter point to 1.25%, its first rate hike in four years. gler, principal, PUPS Investment Management, Santa Barbara, Calif. "It won't affect consumer spending. The consumer is just primed to spend." He said pent-up demand for new products from consumers who had been fearful about the weakened job market in recent years will send consumers into retail ...

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