Live updates: Federal Reserve announcement expected to slow pace (but not stop) interest rate hikes

Live updates: Federal Reserve announcement expected to slow pace (but not stop) interest rate hikes

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The Federal Reserve is expected to raise interest rates by half a percentage point at the end of its two-day policy meeting on Wednesday to continue its fight against inflation. Inflation, as noted in Tuesday's CPI report, has eased to 7.1% in the 12 months to November from a blistering 9.1% pace…

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