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The Fed, the Yuan and the Failure of Diplomacy

posted by Avatar wisaac 705 days ago in USD, EUR, Trade made popular 705 days ago

When the Federal Open Market Committee meets Wednesday, no one expects it to raise the federal funds rate, the overnight bank rate that now hovers below 0.25%. However, businesses, politicians and prognosticators are eager, perhaps inappropriately so, to hear clues about when it will begin raising short-term interest rates to a more normal level.
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