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Federal Reserve set to raise US interest rates this month, but by less than previously expected

Federal Reserve set to raise US interest rates this month, but by less than previously expected

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The US Federal Reserve isĀ on course to raise interest rates at this month’s meeting, according to chair Jerome Powell, despite the uncertainty following the attack on Ukraine. But the chances of a rise from 0.25% to 0.75%, which was widely expected not long ago, have receded.

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