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Fed Week and Debt White House Meeting

On Tuesday and Wednesday this week the Federal Open Markets Committee (FOMC) meets to decide on the next step for the Fed to take on fighting inflation with interest rates.  I share the view of most Fed watchers that the Committee is likely to raise interest rates by 25bps.  This is a step down from the 50bps increase in December and the four 75bps increases the Fed made last year. 

Clearly signals are showing a rapid decline of the inflation rate but the Fed seems committed to a 2...

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