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The Fed looks as confused as the rest of us about what the future holds – Sydney Morning Herald

Despite Jerome Powell’s apparent confidence that the Fed has things under control, it’s clear it isn’t quite sure what the eventual…

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While, for instance, the Fed has assumed that the bottlenecks in supply chains were temporary and would disappear as economies stabilised, they are proving persistent and are flowing through to the prices of goods and services. US companies are also reporting…

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