Fed expected to keep rates unchanged, may signal year-end hike

September 21, 2016 4:57 AM

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Fed expected to keep rates unchanged, may signal year-end hike

The US central bank raised its benchmark overnight interest rate to a range of 0.25 percent to 0.50 percent in December, the first hike in nearly a decade, but has held rates steady this year.

Economists polled by Reuters see a slim chance of a rate increase at the conclusion of the Fed's two-day policy meeting on Wednesday, with the majority expecting one at the meeting in December.

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