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Markets tremble at Fed's double-edged tightening

A rapid one-two punch of interest-rate hikes and balance-sheet reduction from the Federal Reserve risks unsettling bond and stock markets that have already taken a beating. The effects on markets and the economy of combining the two aspects of monetary tightening in quick succession—something it hasn’t done before—are unknown, and…
United States Jerome Powell Michael Gapen Matthew Luzzetti Kristin Forbes William Dudley

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