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Fed meets to weigh future rate hikes


Washington( CNN Business) Policy manufacturers at the Federal Reserve are set to gather in Washington on Wednesday to discuss whether to cool off plans to hike rates faster.

“Almost all Fed officials appear to be on board with gradual hikes towards the ‘neutral rate, ‘” referring to the level that central bankers consider interest rates as neither accelerating nor halting economic proliferation, Jan Hatzius, manager US economist for Goldman Sachs, wrote in a recent mention to clients.

Fed policymakers are set to gather in Washington on Wednesday and Thursday. The two-day policy-setting fulfill comes a day after Americans vote in the midterm elections. Democrats recapture restraint of the House — a widely expected development that likely insures two years of gridlock in Washington and an array of fresh investigations into the Trump administration.

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