Fed expected to raise rates for first time in a year

WASHINGTON (AP) — The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday.
The move would lift the rate by a quarter point to a range between 0.5 percent and 0.75 percent, likely nudging up the cost of some consumer and business loans. The Fed last increased rates in December a year ago, when it hiked its benchmark rate from a record low set at the depths of the 2008 financial crisis.
Attention Wednesday will r