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US Central Bank Appears Headed Toward Boost in Benchmark Interest Rate

Policy makers at the U.S. central bank, the Federal Reserve, started a two-day meeting Tuesday in Washington, with economic analysts predicting they will increase the benchmark interest rate for the first time in nearly a decade. The analysts are expecting a quarter of a percentage point boost from the zero to a quarter of a percent figure that has been in place for seven years. A jump in the rate the Fed sets for the country's most credit worthy institutions when they borrow and...

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