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Federal Reserve poised to hike rates amid uncertain economic outlook Add to ...

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The U.S. Federal Reserve is set to raise its key interest rate this week for the third time in seven months, but the outlook for the rest of the year has become clouded by economic uncertainty.

Markets are currently pricing in a quarter-percentage-point increase when the Fed announces its decision on Wednesday, which will lift the rate to a range between 1 per cent and 1.25 per cent.

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