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Come the end of the year, in November or December, the Fed expects to be holding rates steady as inflation moves back to its 2% target. In contrast, the market believes the Fed could be tempted to nudge rates lower, perhaps based on concerns around a U.S. recession. However, here the controversy here is not too great, markets only see perhaps a 1 in 3 chance that the Fed decides to cut rates, and even then, by a small amount in November or December.
Wall Street millionaire raising interest rates to kill middle class salary growth.
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