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Next Steps After Today's Fed Decision

With the policy rate guidance, is the door open to a rate hike at every FOMC meeting in 2022? "The monetary policy is behind the curve and it works with a lag. Why not get going soon and hike more? If so, the market is not prepared," says Jeffrey Cleveland. Jerome Powell stated that there is a quite a bit of room to raise interest rates without affecting the labor market.

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26 Jan 2022

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