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Fortune
Fortune
Jason Ma

There's now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says

(Credit: Andrew Caballero-Reynolds—AFP via Getty Images)
  • Continued economic strength along with inflationary policies expected from President-elect Donald Trump could mean the Federal Reserve may have to resort to rate hikes in 2025, a top economist warned.

Wall Street just threw a tantrum over indications that the Federal Reserve will make fewer rates cuts than expected next year, but a top economist has warned that a rate hike is possible too.

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