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The U.S. Federal Reserve last week raised interest rates by a quarter percentage point and signaled a faster pace of future increases

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published Jun 18, 2018 4:05:29 PM, by Christopher Condon and Joao Lima (Bloomberg) — Former U.S. Treasury Secretary Lawrence Summers warned that developed countries are badly equipped for another recession, both economically and politically, and central banks should be wary of raising interest rates just to stop inflation running slightly

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