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2 Rate Hikes are Better than 4

By Andrew King

The year began with some pessimism marked by the double-whammy of the first rate increase since the Great Recession in December followed by a January stock market plunge on the first trading day of 2016. Then the darndest thing happened: the stock market rebounded; the spring housing market opened with great weather in the Northeast; and Fed Chair Janet Yellen appears determined to raise rates at a slower pace than most imagined going into the year.

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