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Federal Reserve is expected to raise its benchmark rate, defying Trumps demands

WASHINGTON (AP) — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump's support for a cut. A quarter-point increase in the Fed's rate, currently about 3. 6%, isn't guaranteed because Fed Chair Kevin Warsh doesn't provide the signals about next moves that his predecessors did. Still, most analysts and economists a a...

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