U.S. Federal Reserve Board chair Jerome Powell is pictured in January in Washington.Powell and other Fed officials have said they expect to keep interest rates at their peak for an extended period.(Brendan Smialowski/The Associated Press) After four straight three-quarter-point interest rate hikes, the U.S. Federal Reserve is expected to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialling back its efforts to combat inflation.
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