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Federal Reserve projected to raise interest rates 25 basis points next month

  • Federal Reserve is projected to raise interest rates again next month.
  • 25 basis points equals a quarter-percentage-point increase.
  • The projection concerns another rate increase by the U.S. central bank.

The Federal Reserve (U.S. central bank) is now projected to raise interest rates by another 25 basis points next month. A basis point equals one-hundredth of a percentage point, making the forecast equivalent to a quarter-point increase. The source provides no further details about the projection or its origin.

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