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The Piney Point

Federal Reserve rate hike reflects new world of sticky inflation and faster growth

Federal Reserve rate hike reflects new world of sticky inflation and faster growth
Photo: KPRC 2 / Click2Houston (NBC) · view original

President Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists say. The economy is growing steadily despite being hit with r...

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