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WASHINGTON: The Federal Reserve is anticipated to lift rates of interest by 1 / 4 of a proportion level on Wednesday, marking the eleventh hike within the US central financial institution’s previous 12 coverage conferences and presumably a final transfer in its aggressive battle to tame inflation.
The rise, anticipated by buyers with almost a 100% likelihood, would increase the benchmark in a single day rate of interest to the 5.25 % to five.50 % vary. That will deliver it to roughly the best stage for the reason that strategy to the 2007-2009 monetary disaster and recession.
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