Federal Reserve Expected to Again Raise Rates, But Not by Much

Photo Credit: Nati Shohat / Flash 90

The Federal Reserve is expected to again raise the interest rate this Wednesday, although this time only by a quarter of a percentage point.

If so, the increase will bring the policy rate to a range of 4.5 to 4.75 percent.

The move marks a slowdown from the half-point hike that was announced last month.

In November, the Fed raised rates by 0.75 percent, as it did each time in the three prior months.