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Goodbye, LIBOR
The benchmark will have its last fixing at around 6:55 a.m. New York time on Friday, and some borrowers and lenders are still scrambling to amend contracts.
Fed Reaffirms Inflation Resolve
Minutes from the FOMC’s December meeting include an unusually blunt warning to investors, cautioning against underestimating the Fed’s will to keep interest rates high for some time.
Fed Leaves Rates Unchanged
The majority of FOMC members expect to enact another rate hike before the end of this year.
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