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American stocks inch up before Fed decision
U.S. stock indices slightly rose ahead of the Federal Reserve's decision on interest rates, with a high likelihood of a quarter-point hike. Expectations indicate a 92.9% chance of a rate increase at Wednesday's meeting, with lower probabilities for the October and December meetings. The current target range remains between 3.5% and 3.75%. Experts warned that keeping interest rates unchanged could harm the markets and undermine the credibility of the central bank, especially given the possibility of further rate hikes in the coming months.
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