The Federal Reserve raised interest rates by half a percentage point at the conclusion of its two-day meeting Wednesday, in a move that represents a shrinking of the magnitude of rate hikes after Tuesday CPI data showing inflation had easy to 7.1% in the 12 months to November. While the Federal Reserve Chairman was still speaking as of 2:22 p.
m. EST, with investors paying close attention to any indications about future Fed policy, CNBC cited NatWest strategist John Briggs as calling the speech “hawkish” so far, referring to the…Investors Run For Exit As Brazil Lets Politicians Run State-Run Firms
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