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The debate over interest-rate increases is set to intensify at this week’s meeting of Federal Reserve policy makers, even if it is not expected to yield a clear signal on the timing of the next move.

A statement to be published Wednesday at 2 p.m. in Washington at the conclusion of the rate-setting Federal Open Market Committee’s (FOMC’s) two-day gathering will probably acknowledge better news on the economy since the last meeting in mid-June. But it is expected to fall short of telegraphing that a hike is right around the corner, and there is no post-meeting press conference with Fed Chair Janet Yellen to drop further clues.

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