The Presidential Daily Brief

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    Economists Predict Several Rate Rises

    How high will they go? Interest rates are set for a bump, with the Federal Reserve preparing a widely expected quarter-point lift this week, its first hike in nearly a decade. Top economic experts forecast an additional two to four increases throughout 2016, and international financial institutions say they’re poised to respond if the Fed increases global borrowing costs. While Chair Janet Yellen has called for gradual increases, some economists expect the benchmark rate to rise by as much as 300 basis points over the next 24 months.

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