The Federal Reserve raised borrowing costs for the fourth timethis year, looking through a stock-market selloff and defyingpressure from President Donald Trump to hold off, while dialingback projections for interest rates and economic growth in2019.

By trimming the number of rate hikes they foresee in 2019 totwo, from three, policymakers signaled they may soon pause theirmonetary tightening campaign. Officials had a median projection ofone move in 2020.

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