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Fed Moves In Mysterious Ways

Saturday, October 8, 2016 4:57
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(Before It's News)

from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

Following last December’s rate hike, both the Fed and prominent Wall Street houses expected four or more rate hikes in 2016. In sharp contrast, ECRI stated that the “Fed’s rate hike plans [we]re on a collision course with the economic cycle.” By March it was clear that, “with U.S. economic growth sluggish and slowing, and inflation low but rising, the Fed [wa]s faced with ‘stagflation lite.’”

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