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Economists Warn Fed Rate Hike This Week Could Be Major Policy Error
According to Jin10, ahead of a widely expected Federal Reserve rate decision this week, several leading economists warned on September 15 that raising rates could prove to be a serious policy mistake. Mark Zandi, chief economist at Moody's Analytics, cautioned that the probability of the Fed committing a major policy error is uncomfortably high and rising. He noted that slowing economic growth without triggering job losses or a self-reinforcing negative cycle would be extremely difficult. Steve
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