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Monday, Jan 30, 2023
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Fed Expected to Boost Short Term Rates Amid Strenghtening Economy


The Federal Reserve is expected to raise short-term interest rates by a quarter point to 3.5% when it meets Tuesday, aiming to keep inflation under wraps as the economy strengthens.

Economists expect the Fed’s policymaking Federal Open Market Committee, which has been raising rates in quarter-point increments for more than a year, to continue its campaign until its target for short-term rates is 4% or higher.


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