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Good Fed news for Christmas

Saturday, December 19, 2015 - 05:50

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TIMELY: The global economy will need to get used to the prospect of rising rates. Make no mistake: the Fed move, a week before Christmas, is good news.

THE act was not swift, but, ultimately, it was decisive. It is good that Janet Yellen and the Federal Open Market Committee have done the deed. The 10 to zero majority for the 25 basis-point rise in the Federal Reserve's short-term policy rate came three months later than we had advocated but it

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