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With inflation punishing consumers and threatening the economy, the Federal Reserve this week will probably signal its intent to begin raising interest rates in March for the first time in three years. The Fed's challenges will get only harder from there.
The central bank is poised to raise rates this year, and officials could offer hints on Wednesday at how much they’ll go up and how quickly.
The Federal Reserve is expected on Wednesday to signal plans to raise interest rates in March as it focuses on fighting inflation and sets aside, at least for now, economic risks posed by the...
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By Howard Schneider