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A fourth Fed hike this year could trigger economic slowdown, strategist warns

  • The Federal Reserve raised interest rates for the second time this year on Wednesday and is looking at two more for 2018 amid a strong outlook for the U.S. economy.
  • A fourth rate hike this year could bring about an inverted yield curve and economic slowdown, Principal Global Investors CEO Jim McCaughan believes.
  • McCaughan pointed to what he saw as a disparity between reported rate of inflation and the actual rate, which he said was altered by the impact of technology on the U.S. economy.

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