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Fed Ponders Interest Rate Increase

Top officials of the U.S. central bank are gathering in Washington Wednesday and Thursday to decide if they will raise interest rates for the first time in a decade on Thursday. Analysts say it is hard to predict what the U.S. Federal Reserve will do or what its impact will be. A higher interest rate would bring higher borrowing costs, which tend to hurt stock market values. The increase, however, would also be a vote of confidence by the Fed in the strength of the U.S. economy, which...

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