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Fed Dot Plot Seen Signaling Rise in Median Rates to 3.1% in 2023

  • Economists survey shows gradual shift to a more hawkish FOMC
  • After half point hikes in June and July, panel may slow a bit
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Federal Reserve policy makers are likely to signal a continuing shift to a more hawkish policy fighting inflation with interest rates climbing above 3% in 2023, according to a Bloomberg News survey of economists.