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Pollack: A house divided at the Fed
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Pollack: A house divided at the Fed
By Pollack The Fed is of two minds, and we finally got to see just how divided it is. The minutes of the June meeting show a Federal Open Market Committee that cannot agree on where interest rates go from here. Of the eighteen officials who submitted rate projections, nine penciled in at least one increase before the end of the year, eight expected no change at all, and one looked for a cut. On the question that matters most to borrowers, the co…
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