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US Central Bank Mulls Rate Hike

Top officials of the U.S. central bank are deciding whether or not to raise interest rates today (Thursday) in Washington. An increase would be the first rate hike in nearly a decade, though many experts expect the Federal Reserve will put off the hike until later this year. A higher interest rate would bring higher borrowing costs, which would tend to slow economic activity. It could also fend off inflation, but may hurt stock market values. The increase, however, would also...

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