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With Fed set to meet next week, December's rate cut now looks questionable
Six months ago, Federal Reserve officials were deeply divided over whether to cut interest rates for a third consecutive meeting. The rate cutters won the day , but the data since then has pointed toward that having been a mistake. Why it matters: With the first policy decision of the Kevin Warsh Fed on tap next week, an uncomfortable backdrop is the mounting evidence that the central bank overshot in its easing campaign last year. Job growth has surged since then, and inflation has exceeded pr…
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