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It's Tightening, Jim, But Not As We Know It

Bloomberg Opinion

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Is the Fed Going to Increase Rates?

I don't think thereis anyone at the fed who thinks that rates are going to go above four %. We have a very distorted economy as a result of the measures that would putn place after the pandemic. Wolmart and target reporting healthy quarters. Is this an economy that's booming? It's a strange sort of economy. It's booming in some ways, and it's very weak other ways.

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