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The Fed may be in tune but will inflation eventually spoil the party?

The US Federal Reserve met this week to decide on interest rates and policy projections. The meeting had been hotly anticipated, as it was expected to set the tone for the central bank’s policy response to rising bond yields (bond yields move inversely to prices). As it turned out, there was little to see – the Fed kept the song the same. Committee members remain in harmony on interest rate hikes.The question now for markets is: how credible is this outlook when the US economy will be…

Read the original article at South China Morning Post

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