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Fed could be forced to raise rates in late ‘08

posted 50 weeks ago on Mortgage Insider

Andy Policano, dean of UCI's Merage School of Business, said the Federal Reserve might have to raise interest rates in the latter part of 2008 to quell inflationary pressures. Policano, an economist, spoke Thursday at the Merage School's business outlook conference organized with the Irvine Chamber of Commerce. The Fed has cut key interest rates twice in [...]

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