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Harder to Value Stocks When Interest Rates Are Uncertain

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Investor-Update

Next week, the Federal Open Market Committee (FOMC) will hold a two-day meeting. As has been the case for several meetings now, many economists, traders and other Fed watchers will be looking for hints about when the first rate hike will be announced. Given that so many forecasts about the Fed have been wrong, I’ll continue to refrain from making any predictions.

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