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Fed to Tighten With Big Hike, Asset Runoff: Decision-Day Guide

  • FOMC expected to deliver first half-point rate hike since 2000
  • Panel will reveal plans to cut its $8.9 trillion balance sheet
Bloomberg business news
WATCH: “I think they’re going to have to raise interest rates to 4% or 5% to bring inflation down to 2.5% or 3%,” Harvard’s Ken Rogoff says.Source: Bloomberg

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Federal Reserve Chair Jerome Powell is poised to unleash the U.S. central bank’s most aggressive action to battle inflation in decades, but investors will be focused on parsing his words to see if even bigger moves are ahead.