WASHINGTON | Fed is set to keep rates on hold before a hike later in year

WASHINGTON  | Fed is set to keep rates on hold before a hike later in year

WASHINGTON  — The Federal Reserve appears on track to raise interest rates once more this year but will likely hold off on any action when its latest policy meeting ends Thursday.

Still, investors will be parsing the statement the Fed will issue after its meeting for any sign that it might be rethinking its probable pace of credit tightening in the coming months. So far this year, the central bank has raised rates three times.

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