Fueled by another 0.75 point rate hike after Powell’s inflation pledge

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The Federal Reserve appears to be on track to raise interest rates by another 0.75 percentage point this month in chairman’s wake Jerome Powellpublic promise to cut inflation, even if it raises unemployment.

Fed officials have done little in recent public statements and interviews ahead of their September 20-21 policy meeting to push back market expectations of a third consecutive 0.75-point rate hike.

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