The Fed’s firefight with inflation finally begins: Morning Brief

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Wednesday, March 16, 2022

Inflation is raging at a pace not seen in 40 years, making it a near certainty that the Federal Reserve will raise interest rates at the conclusion of its policy-setting meeting this afternoon.

How do we know? Because Fed Chairman Jerome Powell said so.

“I’m inclined to propose and support a 25 basis point rate hike,”…


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