It’s Getting Tighter

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The Federal Reserve (Fed)’s 75 basis points hike last week, combined with its projections bringing the policy rate well into restrictive territory by year-end, reflects a willingness to dispel accusations of being behind the curve and to “get on with the job” of taming inflation swiftly, allowing for some relaxation in a not-too-distant future (the projections include rate cuts in 2024)

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