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US Fed expected to hike again despite signs of slowing economy
US Fed expected to hike again despite signs of slowing economy
by  AFP

The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth -- and possibly final -- time on Wednesday, as it continues its fight against high inflation. A further rate hike Wednesday would mark the Fed's tenth rate hike in a row, bringing the benchmark to between 5 and 5.25 percent -- its highest level since 2007.

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