Making Sen$e Sep 26

U.S. Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee policy meeting where the Fed raised interest rates for the third time this year. Photo by Al Drago/Reuters
Analysis: The dangers of the Fed rate hike

The conventional wisdom was that the Federal Reserve would again hike short term interest rates today. That wisdom proved correct, as did the prediction that the Fed would say it is committed to further hikes. The conventional explanation is that…

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