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Weather does not stop the Fed

The Fed confirmed that its interest-rate policy committee will meet as planned on Tuesday and Wednesday despite the winter storm that has hobbled much of the Nottheast. The Fed is widely expected to raise the range of its benchmark federal funds rate by a quarter-point at the end of its discussions. The central bank will release its statement and new economic forecasts on Wednesday at 2 p.m. Eastern. Fed Chairwoman Janet Yellen will follow with a press conference at 2:30 p.m.

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