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Analysts: Fed's hawkish turn is dangerous for the economy

The Fed struck a more hawkish tone last week, projecting higher inflation in 2025 than previously thought and scaling back the number of rate cuts expected next year. In an economic environment that appears to be slowing, the Fed could fall into a tailspin and return to a more dovish stance, wrote Neil Datta, an analyst at Renaissance Macro. He doubts that expectations of the Trump administration's policies - Powell acknowledges the Fed's...

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2024-12-23 23:49:08