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Derby’s Take: Even With Rate Increase, Fed Will Still Have Lots of Work to Do
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wsj.comWith the Federal Reserve set to deliver another big rate rise Wednesday, considerable uncertainty still surrounds the final destination for the central bank’s campaign of monetary policy tightening.
The rate-setting Federal Open Market Committee is almost certain to deliver a three quarter of a percentage point increase in its overnight target rate range, lifting it to between 2.25% and 2.5%. Based on comments by Fed officials, it won’t be the final level in a campaign aimed at combating the worst levels of inflation seen in four decades.
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