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Now that the Fed will raise rates, can it?
USA Today: Federal Reserve Chief Janet Yellen last week said she expects to raise interest rates this year after seven years of unprecedented easy money helped the economy shake the financial crisis and recession. Now the question for the central bank moves from when it will boost its benchmark rate to: Can it?
Because of the amount of cash sloshing around the banking system, the Fed will have to employ new tactics to gently lift borrowing costs. One that makes sense, unless there is a scare in the markets.
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