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How long will the US Fed hold the interest rates?
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After several years of dominating the markets by sharply raising interest rates to combat inflation, the Fed did essentially nothing at its latest meeting.
PHOTO: REUTERS
Jeff Sommer
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Financial markets have survived a series of rapid-fire miniature crises lately. What is remarkable is that the US Federal Reserve has not yet needed to get involved in any of them. Enjoy the calm while it lasts.
I think it is a good bet that what we are seeing is a rare moment of peace for the Fed, an illusion of tranquillity that is not likely to last amid the disruptions, dislocations and presidential bluster testing the markets and the economy.
