Lodi News-Sentinel

Interest rate hike?

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The Federal Reserve is expected to raise its key interest rate at its next two-day meeting of policymake­rs.

The Fed raised rates for the first time in nearly a decade in December 2015 and then again a year later in December 2016. After those two rate hikes, it raised rates a third time in March. The Fed has signaled that it expects to raise rates a total of three times this year. Its next meeting of policymake­rs wraps up on Wednesday.

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