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Fed to implement second 0.75 point rate rise amid uncertainty over next steps

Fed to implement second 0.75 point rate rise amid uncertainty over next steps

The Federal Reserve is poised to take another dramatic step this week to curb alarmingly high inflation, but the US central bank’s strategy beyond that point is less certain as it weighs a fresh peak in consumer price growth against mounting recession risks.

The Federal Open Market Committee on Wednesday is set to confirm market expectations and raise its benchmark policy rate by 0.75 percentage points for the second consecutive…


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