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Fed meets, expected to again postpone rate rise

Members of the Federal Open Market Committee are expected to again put off hiking interest rates at the end of a two-day meetingFederal Reserve policymakers are more confident about the US economy but are expected to again put off hiking interest rates at the end of a two-day meeting that begins Tuesday. Members of the Federal Open Market Committee (FOMC) appear ever-closer to raising interest rates for the first time since 2006, analysts say, but want to see a bit more positive US economic data — including signs of a tighter labor market and of firmer inflation — to move. Fed Chair Janet Yellen has said twice this month that she expects the benchmark federal funds rate to be increased by the end of the year.

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