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Saturday, July 13, 2024

Fed expected to raise rates again, perhaps for the last time this cycle

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The Federal Reserve is expected to raise its benchmark interest rate by another quarter of one percentage point on Wednesday, in what could very well be the last rate hike of this cycle, economists said.

The 25 basis point move would push the Fed’s benchmark interest rate to a range of 5%-5.25%. That is seen by many as high enough to slow the economy and cool inflation.

“I…



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