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The positive economic news has raised the chances of a so-called soft landing, in which the Fed succeeds in bringing down inflation by raising interest rates while avoiding a recession and a surge in unemployment. ....
There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle Monetary Policy Committee (MPC) meeting. ....