The is expected to issue another unusually large rate hike on Wednesday afternoon, deepening the risks of a sharp economic downturn and job losses.The Fed is attempting to cool down the economy in order to tame rampant , which remains stubbornly high at 8.3 percent -- but as interest rates climb, the path to a so-called 'soft landing' for the economy is narrowing. At the end of its two-day policy meeting on Wednesday, the US central bank will likely lift its policy rate by 75 basis points for the third time to a range of 3 percent to 3.25 percent, the highest level since 2008.
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