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As expected, the Federal Reserve raised interest rates by 50 basis points at the December Federal Open Market Committee (FOMC) meeting. That pushed the federal funds rate to 4.5%. The last time rates were this high was in 2007. That’s bad news for an economy addicted to easy money. While the pace of rate hikes […]
The post The Fed Hikes Rates to Highest Level Since 2007; That’s a Big Problem first appeared on SchiffGold.