FEDERAL OPEN MARKET COMMITTEE IS EXPECTED TO RAISE RATES BY 0.75% IN THEIR TWO-DAY MEETING

As the Federal Reserve’s Federal Open Market Committee (FOMC) begins its two-day meeting today, many observers expect it to announce another 75% rate hike on Wednesday.

A third consecutive 0.75% increase in Federal Funds interest rates would be a series not seen since the 1970s.