Fed rate hike likely today
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The Federal Reserve is expected to nudge interest rates up today for a fourth time this year, acting on the belief that the economy has finally emerged from an extended &#39;&#39;soft patch.
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With the US economy picking up steam, the year&#39;s fourth straight interest-rate hike looked like a certainty at Wednesday&#39;s meeting of the Federal Reserve&#39;s Open Market Committee, economists said.
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The Federal Reserve pushed US interest rates up by a modest quarter-percentage point on Tuesday and expressed confidence that inflation could be kept at bay by slowly lifting credit costs from rock-bottom levels.
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The Federal Reserve is expected to hike rates following the Labor Department&#39;s report on Friday that the US economy added almost twice as many jobs last month than Wall Street economists had predicted.
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The dollar inched higher on Wednesday,  supported after the U.S. Federal Reserve raised interest rates  as expected and repeated its commitment to tightening -- albeit  at a "measured" pace.
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The US Federal Reserve is expected to hike interest rates today for a fourth time this year. Analysts say the central bank is feeling more confident about the US economy, partly because of the strong payrolls
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NEW YORK, September 21  - The US Federal Reserve raised the interest rates by a quarter percentage point today, in-line with the broad expectations.
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Greenspan's moderately upbeat forecast today is likely to cement expectations that the central bank will raise interest rates for a third time in two weeks.
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Federal Reserve policy-makers  started a two-day meeting on Wednesday that markets expect will  yield a quarter-percentage point rise in the overnight federal  funds rate to 5.25 percent.
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Tomorrow&#39;s US Federal Reserve meeting will likely dominate markets this week as investors look for clues about economic strength and the pace of interest rate hikes.
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The Federal Reserve appears poised to continue raising interest rates for most if not all of this year.
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With a fall in oil prices easing inflation concerns, the Federal Reserve is expected to continue its easy-does-it approach to raising interest rates, boosting a key rate by a moderate quarter-point at its final meeting of the year today.
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The dollar rose broadly on Monday as markets braced for a Federal Reserve policy meeting this week that is widely expected to end with a higher federal funds rate, making the dollar a more attractive currency.
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The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point Wednesday. Citing an improving economy and well-contained inflation, it said further increases would be gradual.
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The Federal Reserve pushed U.S.  interest rates up by a modest quarter-percentage point on  Tuesday and expressed confidence that inflation could be kept  at bay by slowly lifting credit costs from rock-bottom levels.
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The Federal Reserve is likely to announce a quarter-point rise in the federal funds target rate from 1.75 percent to 2.0 percent, economists and traders agree.
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The dollar may rise for a second day against the euro in Asia on speculation Federal Reserve policy makers will raise the key interest rate in a meeting today and signal more increases to come.