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Fed's Tone Will Give Clues on 2019 Pace: Decision-Day Guide
Federal Reserve policy makers meeting in Washington will weigh how to describe a moderation in U.S. economic growth as they reinforce expectations for a fourth 2018 hike next month. The Federal Open Market Committee is widely expected to keep the benchmark target for rates unchanged in a 2 percent to 2.25 percent range at the conclusion of its two-day meeting on Thursday. Its policy statement, released at 2 p.m., will likely continue to describe U.S. growth and the labor market as strong, reinforcing the outlook for a hike in December. Other tweaks in the statement could suggest less confidence in the need to raise ... (full story)
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