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prima:Has the Fed been wrong to hike interest rates so abruptly?

As a sixth hike is expected next week, economist Carlos Asilis believes the Federal Reserve has caused unnecessary damage to the credit and investment markets

October 25, 2022 - 9:54 AM

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This content was published more than 2 years ago.
El presidente de la Reserva Federal, Jerome Powell, en una fotografía de archivo.
Federal Reserve Chair Jerome Powell. (Agencia EFE)

For economist Carlos Asilis, the fact the Federal Reserve is tightening the monetary policy has driven the cost of credit to levels not seen in decades, a dynamic that, in turn, explains the string of losses and volatility in major stock and bond markets.

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