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Based in United States
The Fed hiked to 3.75%–4.00% and deleted the sentence it used to look through inflation. Stocks went nowhere. Banks and small-caps paid. Big tech did not. The hike didn’t hit duration. It hit debt.
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The rate hike didn’t hit tech. It hit people who owe money.

The Federal Reserve raised its main interest rate to a range of 3.75% to 4.00%. Every official voted for it. That was not the important part. The important part is what they deleted. Last time, they

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