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Another aggressive move by the Fed to corral unbridled inflation
The FOMC held its September meeting this week, announcing another 75 basis point rate increase. (*) What impact could this rate hike have on inflation and economic growth? (*) Are more aggressive hikes on the horizon? (*) Based on the Fed's recent actions, is the likelihood of a recession growing stronger? Nationwide's Deputy Chief Economist Bryan Jordan and Senior Economist Ben Ayers reflect on the Fed's announcement and provide their perspectives on the economy. [NFM-20130AO.49]
The skinny
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