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Rate hike expected as Fed begins meeting

 
 
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abi
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PostPosted: Tue May 03, 2005 3:00 pm    Post subject: Rate hike expected as Fed begins meeting Reply with quote

WASHINGTON (Reuters) - The Federal Open Market Committee, the U.S. Federal Reserve's rate-setting panel, began its third meeting of the year on Tuesday, with markets expecting a quarter-percentage point interest rate rise for the eighth straight time.

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