Fed Expected to Push Rates Up Twice Before Year's End

Summary


The Associated Press

WASHINGTON - The Federal Reserve is expected to nudge interest rates up for a fourth time this year on Wednesday, acting on the belief that the economy has finally emerged from an extended "soft patch."

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Extract


Fed Expected to Push Rates Up Twice Before Year's End

And the November rate increase is likely to be followed by another quarter-point move at the Fed's final meeting of the year on Dec. 14 with more rate hikes to come in 2005, analysts say.

That represents a change in thin...

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