The Fed May Make Fewer Raises. Interest Rates Are Already Up.

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The Federal Reserve might have to stop short of raising interest rates as many times as expected. That’s because rates across the economy are already starting to rise, posing a threat to economic demand. 

The Fed is currently pledging to lift rates many times. In March, the central bank projected 11 increases in the ultra short-term fed-funds rate, as it tries to tamp down high inflation. 

But…



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