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UBS On-Air: Paul Donovan Daily Audio 'The lesser of two evils'
Published 4 weeks, 1 day ago
Description
Yesterday’s unanimous vote in favor of a US interest rate increase could be interpreted as defiance against political interference. Having raised once, the Federal Reserve is likely to raise again—to prove this rate increase was intentional and not a mistake (even if it was a mistake). The rate increase has no near-term impact on inflation or economic growth.