Wednesday 12 December 2018
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todayonline - 3 month ago

Fed s Powell between a rock and hard place: Ignore the yield curve or tight job market?

WASHINGTON - Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast. The decision of which to heed looms large when the Fed s interest-rate setters meet next week. Which path they follow will begin to define whether Chairman Jerome Powell engineers a sustained, recession-free era of full employment, or spoils the party with interest rate in

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