Fed watchers say benchmark rate to rise to 1.75%
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WASHINGTON (CBS.MW) -- The Federal Reserve will continue its baby-step approach to raising its overnight lending rate when the central bank&#39;s policymakers meet next Tuesday, Fed watchers agree.
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WASHINGTON: Another small hike in US interest rates is seen as a certainty when Federal Reserve policy-makers meet on Wednesday - a step on the march toward a level of rates necessary to underpin long-term expansion.
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As expected, the Federal Reserve raised a key interest rate one-quarter point in continuing efforts to stave off inflation while holding rates at near record lows to help fuel economic expansion.
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The Fed signaled that it is likely to keep the benchmark rate at current levels for the foreseeable future.
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The US Federal Reserve decided Tuesday to raise the federal funds rate, which commercial banks charge each other on overnight loans, by a quarter percentage points to 1.75 percent.
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The US Federal Reserve last night raised interest rates for the third time this year in spite of a renewed surge in oil prices. The widely expected move took the Fed funds&#39; rate up a quarter-point to 1.75%, following similar moves in August and June.
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More U.S. interest rate increases lie ahead, but they would likely not need to be at a faster pace because inflation is contained, Federal Reserve officials said on Friday.
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The U.S. Federal Reserve on   Wednesday held its benchmark interest rate steady for a second   straight meeting, biding time to assess whether cooling   economic growth will curb price pressures.
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The Bank of England's Monetary Policy Committee is tipped to put up interest rates to 5.75%.
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There is a broad consensus among economists that the US central bank will continue its gentle approach to raising interest rates with a moderate 0.25pc rise to 2.25pc when it convenes for its final meeting of the year.
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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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U.S. Federal Reserve officials  gathered on Tuesday for their final policy meeting of the year  and were widely expected to nudge interest rates up to stay  ahead of inflation amid a steady economic expansion.
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THE United States Federal Reserve is expected to raise the bellwether federal funds rate, which banks charge each other for overnight loans, by a quarter point to 2.25 per cent today.
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WASHINGTON -- Federal Reserve officials are expected to nudge interest rates up tomorrow for a fifth time this year, another small step in a campaign to gradually lift borrowing costs before inflation rears its head.
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Federal Reserve officials are  expected to nudge interest rates up on Tuesday for a fifth time  this year, another small step in a campaign to gradually lift  borrowing costs before inflation rears its head.
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The U.S. Federal Reserve is likely next week to raise its target federal funds rate to 1.75 percent from 1.5 percent, nearing the end of the first stage of what appears to be a two-stage plan to return rates to "normal" levels, the Wall Street Journal said on Tuesday.
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Washington - With the US economy expanding at a respectable pace, companies hiring and consumers inclined to spend, Federal Reserve policy makers can feel comfortable about boosting short-term interest rates for a fourth time this year.