Trescothick’s Take: The FED has a Hammer. But is Inflation Still a Nail?
The Federal Reserve is reaching for its favourite weapon again: higher interest rates. Markets expect the Fed to raise rates by 25 basis points this week, taking the target range to 3.75%–4.00%, its first rate increase since 2023. And on the surface, it makes perfect sense. Inflation is still running well above the Fed’s 2% […]
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