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Plus, why is the fed’s inflation target 2% anyway, and what does it have to do with new zealand?

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Inflation is still high (sigh), which means the Federal Reserve will raise interest rates again next week. One listener is wondering why the Fed has pursued incremental rate hikes as opposed to one jumbo increase. We’ve got answers! Plus, why is the Fed’s inflation target 2% anyway, and what does it have to do with New Zealand? Read the case study below then, answer questions about the queen, the Commonwealth and currency!

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