The Federal Reserve is set to deliver a quarter-point rate rise on Wednesday in what will be its 10th consecutive increase in just over a year, as pressure builds on the US central bank to call time on its aggressive monetary tightening campaign.
At the end of its two-day gathering, the Federal Open Market Committee is expected to raise its benchmark policy rate to a new target range of 5-5.25 per cent, the highest level since mid-2007.
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