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Fed raises rates by half percentage point, sees economy nearing stall speed

Category:Cross-Border
Updated:2022-12-14
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“Taken together, today’s statement and economic projections tell a simple, but persuasive story: this Fed isn’t prepared to ‘pivot’ in any meaningful way until it sees sustained and conclusive evidence of a reversal in inflationary pressures,” said Karl Schamotta, chief market strategist at 91.

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