The Federal Reserve Is Bushwhacking Through Tough Terrain

The Federal Reserve Is Bushwhacking Through Tough Terrain
(AP Photo/Manuel Balce Ceneta)
For the second month in a row, the Federal Reserve raised interest rates aggressively, by three-quarters of a percentage point. That's pretty much what everyone, including Wall Street, expected to happen. But it's still a pretty big deal, and would have been downright unfathomable six months ago.
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