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Fed rate hike: Is market economy a myth?

The recent US Federal Reserve Bank (Fed) interest rate hike by 0.25 per cent was breaking news globally.

But in the contrary, even if our Central Bank raises its rate by five per cent, it would never attract global headlines. In the aftermath of this rate hike, economic analysts went into overdrive analysing the possible consequences of this rate hike, the first in USA nearly a decade.

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