U.S.: Why The Fed May Not Be Done Yet

The economy won't be slowing much despite the latest hike

Wall Street breathed a sigh of relief immediately after the Nov. 16 news that the Federal Reserve had raised interest rates for the third time since June and had rescinded its bias toward tighter policy. Investors' initial reaction was that the Fed's work was done. Stock and bond prices shot up, and the Dow Jones industrial average ended the day up 172 points.

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