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The Federal Reserve is about to raise its interest rate again

Source: Jared Bernstein, Washington Post (Paid Registration)

Later this afternoon, the Federal Reserve will almost certainly announce that it has again decided to raise the interest rate it controls by a quarter of a percent, targeting a “Fed funds rate” between 1.75 and 2 percent. The central bank tends to telegraph these increases and the markets are placing a 96 percent likelihood that it follows through.

That’s what the Fed will do. But is it what it should do?

Read Full Article: The Federal Reserve is about to raise its interest rate again

 
 
 

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