Federal Reserve likely to signal higher rate hikes ahead

The Fed is expected at its latest meeting to raise its key short-term rate by a substantial three-quarters of a point for the third consecutive time. Another hike that large would lift its benchmark rate—which affects many consumer and business loans—to a range of 3% to 3.25%, the highest level in 14 years.

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NY AG probes if Trump pumped up value of estate, assets

New York’s attorney general asked a court Monday to compel some of President Donald Trump’s business associates, including his son, Eric, to testify and turn over documents as part of her investigation into whether the president’s company lied about the value of its assets in order to get loans or tax benefits.

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