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From bnnbloomberg.ca|12 hr ago|1 commentThe Federal Reserve should be open to raising interest rates by a half percentage point in July if it opts to hold off from tightening credit this month, former Treasury Secretary Lawrence Summers said. “We are again in a situation where the risks of overheating the economy are the primary risks that the Fed needs to be mindful of,” the Harvard University ...
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From bnnbloomberg.ca|12 hr agoFederal Reserve Chair Jerome Powell keeps careful track of employment levels, wages, consumer prices and numerous other metrics to see where the US inflation rate may be headed in the next year. He might also want to keep an eye on water levels at Gatun Lake. That’s the lake that feeds the locks in the Panama Canal with the fresh water needed to raise ...
