Pantheon Macroeconomics

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16th Dec 2015 05:50U.S., Economic Monitor

The Fed will raise rates by 25 basis points today, 11 years and six months since the previous tightening cycle began, in June 2004. This tightening, like that one, will end in recession eventually, but this time around we expect a garden-variety business cycle downturn rather than a massive financial crash and a near-death experience for global capitalism.

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Keywords for: 16 Dec. 2015 Yellen Set to Signal Gradual Hikes, But Will the Data Let Her Deliver?

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