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Brace for the biggest Fed rate hike in 40 years: ‘Markets underappreciate just how entrenched US inflation has become’
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fnlondon.comNomura predicts a full-percentage-point increase in US interest rates.
High inflation has put Federal Reserve chief Jerome Powell in a tight spot. He could trigger a recession in his effort to tackle inflation.
Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might...
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