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Fed Meets and Hikes Rates Again

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As expected, the Federal Reserve raised interest rates by a quarter point on Wednesday. Yet as is often the case, the real meat was in the commentary.

Where the Fed raised its economic outlook and dropped the ‘accommodative’ language.

Interestingly the Fed also asserted that inflation is under control, despite a June report that already showed prices rising at 2.8%, well above the Fed’s 2% mandate.

 

 

 

-Chris Marcus

September 26, 2018

 

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