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US Personal Consumption Expenditures Tap Record Highs, Stanford Economist Says Fed Should Increase Rates Above 9%

The #U.S. #economy continues to look gloomy every time new economic reports are released to the general public.#StanfordUniversity’s senior fellow at the #HooverInstitution, #JohnCochrane, said the #FederalReserve should increase rates above 9% to tame inflation.

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