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The Fed: Fed expected to tee up December interest-rate hike

Bloomberg

Janet Yellen, chairwoman of the U.S. Federal Reserve, tours the manufacturing lab at Daley College with Chicago Fed President Charles Evans

The Federal Reserve is not expected to leave anyone guessing.

The central bank will meet for the second day on Wednesday and put the market on notice that it intends to raise interest rates — in December.

Economists expect the Fed to borrow a page from last year’s playbook to tee up a rate hike.

Last October, the Fed policy statement said: “In determining whether it will be appropriate to raise the target range at its next meeting, the Committee will assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation.

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