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Why this could be the shortest Fed rate-hike cycle in history
Could the Federal Reserve’s rate hike cycle be ending just after it got started? The question is bubbling up given the economy’s weak performance in the first quarter. A handful of Wall Street firms think the Fed is done, or almost done raising rates, after making its first increase in December. And a former Fed dove already wants the central bank to reverse course. “I believe the right conversation to be having is about cutting interest rates,” Narayana Kocherlakota, the former dovish president of the Minneapolis Fed, in an email to MarketWatch. An end of the Fed rate hike cycle would be an historic reversal ... (full story)