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Interest Rates Will Go Higher

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Interest Rates Will Go Higher
The Marriner S. Eccles Federal Reserve Board building in Washington on March 16, 2022. Saul Loeb/AFP via Getty Images
Milton Ezrati
Updated:
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Commentary
Financial markets sank when the Federal Reserve added 0.75 percentage point to its benchmark federal funds rate on Sept. 21. Markets, having anticipated that rate increase, responded less to it than to what Fed Chairman Jerome Powell promised for the future.
Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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