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Federal Reserve is expected to raise its benchmark rate, defying Trump’s demands

Federal Reserve is expected to raise its benchmark rate, defying Trump’s demands
Photo: KSTP 5 Eyewitness News (ABC) · view original

WASHINGTON (AP) — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s support for a cut. A quarter-point increase i...

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