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The rat under the Fed's hat

20.09.2023
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The Federal Reserve said today it wasn't raising interest rates, but left the door open to keep hiking later. But there's more to this decision than meets the eye. Today on the show, we use Disney's Ratatouille to explain the Fed's recipe for monetary policy — and take off the chef's hat to reveal the two interest rates that really matter when the Fed is hiking rates.
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