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Federal Reserve projected to raise interest rates by 25 basis points next week

  • Federal Reserve is projected to raise interest rates next week
  • 25 basis points equals a quarter-percentage-point increase
  • The projection concerns the Federal Reserve’s upcoming interest-rate decision

The Federal Reserve is now projected to raise interest rates by 25 basis points next week. The increase would equal a quarter of a percentage point, though the source provides no further details on the projection or its origin.

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