FO­CUS TURNS TO RATE HIKE, WHAT FED SAYS

The Denver Post - - BUSINESS -

It’s all but cer­tain the Fed­eral Re­serve will raise its bench­mark in­ter­est rate af­ter its pol­icy meet­ing ends Wed­nes­day. This will be its first in­crease in a year.

The Fed is ex­pected to raise its key rate by a mod­est quar­ter-point to a range of 0.5 per­cent to 0.75 per­cent — a move that will likely lead to slightly higher rates on some con­sumer and busi­ness loans. But the real an­tic­i­pa­tion sur­rounds what Fed of­fi­cials may or may not say about the pace of fu­ture rate hikes against the back­drop of Don­ald Trump’s elec­tion.

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