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Fed Readies Largest Rate Hikes Since Volcker: Decision-Day Guide

  • FOMC set for 75 basis-point hike, may downshift in September
  • Increased worries of a recession will cast cloud on meeting
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Federal Reserve Rate Decision: What to Watch for

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Federal Reserve Chair Jerome Powell is set to deliver the largest back-to-back rate increase in decades on Wednesday, with investors seeking signs he is open to shifting to smaller moves from September.