Federal Reserve expected to hike interest rates by .75% for 2nd month in a row

July 27 (UPI) — The Federal Reserve is expected again on Wednesday to order a large hike in interest rates amid increasing pressure to control high-running inflation that’s making essential items more expensive for American families.

The U.S. central bank began its two-day policy meeting on Tuesday and will issue its decision at the end of Wednesday’s session.

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