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Eyes On Fed: Central Bank Expected To Raise Rates Wednesday

The central bank is all but certain to raise rates to try to dampen persistent inflation.

  • The expected rate hike would come roughly a week after a higher-than-expected inflation report.
  • The Dow Jones Industrial Average slip roughly 300 point Tuesday, ahead of the expected interest-rate increase.
  • The Fed has impose a series of aggressive interest rate hikes in recent months – in attempt to lower prices by slowing the economy and consumer demand.
  • Many economists expect another 0.75% hike Wednesday, with some predicted as much as a 1% increase, which the Fed has not done in four decades.
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