Crunch time for US economy as Fed ponder rate move

US - An indicator of US economic health will come today, as the Federal Reserve is due to announce its latest monthly interest rate decision.

Tuesday's decision on rates has become one of the most eagerly anticipated economic announcements of the year.

Most analysts expect the Fed to leave borrowing costs on hold at their current 40-year low of 1.75%.

But they will be scrutinising the statement accompanying the Fed's interest rate announcement for signs of a change in its assessment of the ec

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