Fed expected to hike interest rates for fourth time
Fed expected to hike interest rates for fourth time
WASHINGTON (AP) — Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed’s inflation-fighters raise interest rates — and might they slow their rate hikes as soon as next month?
The Fed on Wednesday is expected to announce a hefty three-quarter-point hike in its key short-term rate — its fourth straight — which will lead to…