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US Fed to lead the way on week of Western rate hikes

US Fed to lead the way on week of Western rate hikes

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The FedĀ is set to implement its first rate rise since 2018 as chairman Jerome Powell tries to temper inflation without battering growth after a confidence-draining month for Western economies. The Federal Reserve Monetary Committee (FOMC) meets on Wednesday, with a distinct feeling among analysts that the group may pay later for a cautious 0.25% rate hike.

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