yield-curve inversionthe Fed will keep raising rates
per se
Higher Neutral
Federal Open Market Committee (FOMC)participants pegged the neutral funds rate—the rate that neitherpromotes nor holds back growth—at 2.9 percent, according to theirmedian projection released in June. Former Fed official andCornerstone Macro LLC partner Roberto Perli said the markets seemto place the neutral rate somewhat higher, at around 3.25percent.
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