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The Fed’s big swing at inflation

The Federal Reserve announced its largest rate hike since 1994. And it’s the equivalent of the US central bank taking a baseball bat to the economy, according to Robert Armstrong, the US financial commentator for the FT.

In this week’s episode, Armstrong helps us understand the Fed’s announcement. He will explain what the recent rise means for the economy and for investors, and tell us whether or not we should panic.

For further reading:

Fed bang!

How fast is the US economy slowing?

Bear market to the rescue

Time for strong drugs: how central banks are cracking down on inflation

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Follow on Twitter Robert Armstrong (@rbrtrmstrng

Read a transcript of this episode on FT.com

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