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Wall Street has spent weeks debating whether the Federal Reserve will raise interest rates Wednesday. The futures market has almost stopped debating. Traders assign a 93% probability to a quarter-point hike, which would lift the federal funds rate to 3.75%—4.00%. It would be the Fed’s first increase since July 2023. On
By Paul R. La MonicaWall Street expects the Federal Reserve to raise interest rates Wednesday and the 10-Year Treasury yield briefly topped the psychologically important 5% milestone on Monday.And while rising rates can pressure stocks by boosting borrowing costs and making higher-yielding bonds mo…