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Market expects quarter percentage point rate hike by Fed

Market expects quarter percentage point rate hike by Fed The shift, beginning with an expected quarter-percentage-point increase in the US central bank#39;s benchmark overnight interest rate, has been in the works since last fall and has already driven up the cost of home mortgages and other key types of credit in anticipation of what the Fed will do to curb prices that are rising at their fastest pace in 40 years.

from Moneycontrol Business News https://ift.tt/poP93Uc
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