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BlackRock Strategists Say Traders Are Wrong About Fed's Path – InsuranceNewsNet

Strategists from the world's biggest asset manager are challenging traders betting that the Federal Reserve will raise rates to around 3% next year, saying that policymakers will raise borrowing costs to 2%, but not go much further. An overly aggressive path of hikes to combat the spiraling cost of living may backfire, according to the BlackRock Investment. ....

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