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US Fed opens policy meeting with steep rate hike on the table
US central bankers opened their two-day policy meeting on Tuesday with another steep interest rate hike seen as a near certainty amid stubbornly high inflation. American families have felt the squeeze of soaring prices, which have risen at the fastest pace since the early 1980s, and Federal Reserve Chair Jerome Powell has made it clear officials will continue to act aggressively to cool the economy. Many economists are expecting a third straight three-quarter point rate hike when the meeting concludes Wednesday, an unprecedented action. Fed officials have been united in the message that the US central bank cannot ... (full story)