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Is the Fed’s interest rate hike a major error?

The shadow of the financial crash is finally being cast off

By George Magnus  

Chair of the US Federal Reserve Janet Yellen speaks at a press conference in Washington in 2014. ©PA, XINHUA /LANDOV

On Tuesday and Wednesday this week, the Federal Reserve will hold its last meeting of the year. And announce its first hike for 10 years. There are at least three reasons for the heightened state of anticipation surrounding it, especially the angst about whether it will amount to a policy…

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