Fed Set to Raise Rates

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Federal Reserve officials gathered on Tuesday for a meeting that seemed certain to end with a 13th straight interest-rate hike and possibly a signal that a 1-1/2 year rate-rise campaign was winding down.


The U.S. central bank is widely expected to bump up overnight borrowing costs by a quarter-percentage point to 4.25 percent. It also may alter long-standing language in its post-meeting statement offering guidance on its policy path.


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