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Fed Prepares First Rate Hike Since 2023 as Inflation Persists

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Federal Reserve policymakers are widely expected to raise interest rates by 25 basis points to a 3.75%-4% range today.
  • Persistent inflation and high oil prices are driving expectations for the first rate hike since 2023.
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1.15 -1.71% over the displayed period

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