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Don't be surprised if the Fed hikes rates before late 2014, writes Anthony Doyle, as the pledge...
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Friday, March 23, 2012, 3:40 PM ETDon't be surprised if the Fed hikes rates before late 2014, writes Anthony Doyle, as the pledge not to hike is based on its forecasts for the economy. Trouble is, the Fed - along with other central banks - is a horrid economic forecaster. If the economy improves, inflation expectations rise, and the Fed doesn't hike, then we can be sure the goals of monetary policy have changed.
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