(CNBC) The Federal Reserve is expected to raise interest rates by a quarter point Wednesday, a major step in reversing the extraordinary easing it put in place two years ago to help the economy through the pandemic. Fed watchers expect the central bank will also provide a new quarterly forecast that could show as many as five or six more quarter-point hikes this year, and possibly three or four more in 2023.
The Federal Reserve is expected to raise rates, but unique challenges could slow its pace
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