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Fed set to raise interest rates, give more detail on balance sheet wind-down

Low-wage workers and their supporters marching around the New York Federal Reserve during a rally to call on the Fed not to raise interest rates this week.


THE US Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labour market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery.

The central bank is...