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Fed set to raise rates as Powell gives 1st news conference

By MARTIN CRUTSINGER, AP Economics Writer
Published: March 19, 2018, 9:43am

WASHINGTON — The Federal Reserve’s first meeting under Jerome Powell’s leadership will likely end Wednesday with an announcement that the Fed will resume its modest interest rate hikes.

But investors will be most attuned to what Powell signals at his first news conference about whether and how he might steer the Fed’s policymaking differently from his predecessor, Janet Yellen.

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