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(RPT) MNI STATE OF PLAY: Fed Eyes Third 75BP Hike, Higher Peak

(MNI) WASHINGTON

Updated dot plot should concede greater harm to growth and employment as rates rise.

(Repeats story first published on Sept 19)

The Federal Reserve on Wednesday is widely expected to lift its overnight borrowing rate by 0.75 percentage point for a third straight meeting and signal a higher peak for interest rates next year as inflation continues to move sideways at a level more than triple its 2% target.

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(Repeats story first published on Sept 19)

The Federal Reserve on Wednesday is widely expected to lift its overnight borrowing rate by 0.75 percentage point for a third straight meeting and signal a higher peak for interest rates next year as inflation continues to move sideways at a level more than triple its 2% target.

Keep reading...Show less