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21 September, 06:30

While a television news reporter might state that "today the fed raised the federal funds rate from 1 percent to 1.25 percent," a more precise account of the fed's action would be as follows:?

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  1. 21 September, 06:45
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    A more precise account would be that the Fed is going to engage in open market operations to decrease the money supply which will cause interest rates to rise.
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