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Markets braced for Fed rate hike tomorrow

Markets braced for Fed rate hike tomorrow

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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) is expected to raise the federal funds rate by 0.25% tomorrow, with analysts divided on whether the move is too hawkish, or if it doesn’t go far enough.

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