July 16, 2024
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Dubroff: Fed takes a step toward credibility with latest rate hike


Henry Dubroff
Doing what you say you are going to do is the first sign of building trust. So, right or wrong, the Federal Reserve did what it was signaling it would do when it raised its benchmark lending rate by 75 basis points on July 27. The federal funds rate now stands at 2.25%-2.5%, its highest…


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