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AllianceBernstein

2023 Top 500 ranking: 39

The Fed Makes Inflation Fighting Priority Number One

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The Fed raised its benchmark interest rate by 75 basis points yesterday, to a range between 1.50% and 1.75%, and signaled stronger inflation-fighting measures ahead. We think that policy path will eventually cool inflation—but at a greater cost to economic growth than the Fed expects. And financial markets will likely ...

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