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Federal Reserve Expected To Announce Interest Rate Hike03:43

This article is more than 2 years old.

The Federal Reserve meets for the last time this year Wednesday, and is expected to raise short-term interest rates by one-quarter of a percentage point. The Fed has long kept rates low to encourage economic recovery after the Great Recession.

Here & Now's Jeremy Hobson gets the latest from NPR's Marilyn Geewax (@geewaxnpr).

This segment aired on December 13, 2017.


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