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<title>Fed Raises Target Rate By 75 Basis Points To 1.75% Despite Negative Q2 GDP Forecast</title>
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<description>Sometimes I wonder if The Federal Reserve Board of Governors pays attention to economic news. For example, the Atlanta Fed&#x26;#x2019;s GDPNow forecast for Q2 was released today at -0.002%. So what does The Fed do? They raised their target rate by 75 basis points to 1.75%. Apparently, The Fed has chosen to fight inflation rather than help the economy. The Fed has chosen poorly.</description>
<author>Confounded Interest</author>
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<pubDate>Wed, 15 Jun 2022 18:21:27 GMT</pubDate>
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