Fed expected to raise rates again

Faced with conflicting forces, the Federal Reserve was expected to increase interest rates by a moderate quarter-point at the conclusion of its FOMC meeting on Tuesday, the eighth such increase since last June.

Such a move would push the target for the funds rate, the interest that banks charge each other on overnight loans, from the current 2.75 percent to 3 percent. When the Fed started boosting rates 10 months ago, the funds rate stood at 1 percent, the lowest level in 46 years.

Analysts be

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