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Fed’s Predicted Hike Kicks Off Rate Decision Marathon
European central banks seen following Fed's lead and pushing rates higher from next year
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The U.S. Federal Reserve is predicted to raise its benchmark interest rate by a quarter of a percentage point on Wednesday, kicking off a central bank marathon that includes the European Central Bank and the Bank of England. While the latter two -- together with the Swiss National Bank and the Norges Bank -- are expected to keep rates unchanged on Thursday, Wall Street economists are telling investors to brace for the biggest tightening of monetary policy in more than a decade next year.