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Hawks and Doves Clash Clouds Outlook for Rates
Bloomberg Businessweek
The Fed's 25-Basis Point Increase Is Baked In
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Timothy Stanley: I think the 25 basis point increase, which takes it to a 22-year high on the Fed funds rate, is baked in. It's also probably highly likely that they're going to continue to indicate a bias toward further increases. The hawks in particular are emboldened by the fact that we've stick out a robust labor market. There's a positive earnings outlook over the next 12 months.
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