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Higher Rates Leave Their Mark as U.S. Economy Slows – But There’s a Silver Lining

Over the past week, markets were faced with a triple whammy of data: A Federal Reserve interest-rate hike (perhaps its last of this cycle), ongoing mayhem in the banking system, and a key jobs report for the month of April.   After raising interest rates by over 5.00% in a little over one year, the …

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