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After its latest rate-setting meeting ends Wednesday, the Fed will almost certainly announce that it's raising its benchmark short-term interest rate by a half-percentage point — the sharpest rate hike since 2000.
The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow, which will compound Americans' financial strains and likely weaken the economy.
The Federal Reserve hopes to slow the highest inflation in 40 years by making it more expensive to borrow money.
The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow.
The Federal Reserve is poised this week to begin unleashing its most drastic steps in three decades to attack inflation by making it costlier to borrow.