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The Fed Shouldn't Overtighten?
CNN's John Sutter asks why the Fed seems to be at risk of overtightening. He says they laid out a path that was hard to change, and then it was hard to get them to do so. The U.S. economy is now more services-based than goods based, he argues. Shouldn't this unwind happen naturally? "I could not possibly agree with you more," writes Sutter.