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Stocks Dropped Because the Fed Will Keep Raising Rates Until Inflation Breaks—or the Market Does

Por: MarketWatch Business November 05, 2022

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Those future hikes will come on top of all the tightening that has already happened this year. At the start of 2022, the federal-funds rate was a hair above zero, and the Fed was still hoovering up bonds. Since March, the central bank has lifted the fed-funds rate by 3.75 percentage points. Rate increases have been closer to 4.75 percentage points when adjusted for inflation, notes MKM Partners’ chief economist Michael Darda, as... + full article



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