Fed to signal rate hike as it launches risky inflation fight
Fed to signal rate hike as it launches risky inflation fight
By CHRISTOPHER RUGABER
WASHINGTON (AP) — With inflation punishing consumers and threatening the economy, the Federal Reserve this week will likely signal its intent to begin raising interest rates in March for the first time in three years. The Fed’s challenges will get only harder from there.
Among the central bank officials, there is broad support for a rate increase — one that would come much…