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Markets are cranking up their expectations for Fed interest rate hikes

U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal Reserve building in Washington, U.S., January 26, 2022.
U.S. Federal Reserve | via Reuters

Investors have dramatically changed their views on how quickly the Federal Reserve will raise interest rates in the coming months as the central bank tries to put out the inflation fire.

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