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Federal Reserve and the markets in standoff on rate hikes

WASHINGTON (AP) — Sooner or later, either Wall Street or the Federal Reserve has to blink. Nearly a year into the Fed’s drive to quash inflation by hiking interest rates at a blistering pace, investors still don’t seem to fully believe what the Fed warns is coming next: Higher rates through the end of the year, which could sharply raise unemployment and slow growth.
New York United States Jerome Powell Loretta Mester Lorie Logan Michael Gapen
Source: apnews.com

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