As US raises interest rates, Fed may turn more hawkish
By 2020, the Fed expects interest rates to be sligthly higer than "neutral" (AFP Photo/ALEX WONG)/ Washington (AFP) - Under the cloud of an escalating trade war, the US Federal Reserve this week will raise the benchmark lending rate for the third time this year, moving to prevent inflation from mounting too quickly as the world's largest economy continues brisk growth. The Fed's two-day policy meeting will begin Tuesday -- barely 24 hours after President Donald Trump is due to target another $200 billion in Chinese imports with punitive ...
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