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• n  the economic condition in which credit is difficult to secure and interest rates are high

• easy_money

News & Articles

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• Lockhart sounds a dovish note
  Atlanta Fed chief Dennis Lockhart tries to walk back Janet Yellen's "six-months" comment on rate hikes (putting the first boost in H1 of 2015), saying that time frame is a minimum and suggesting rates won't move higher until the second half of next year. "I think it's going to be longer than that indication ... We’re not going to flip a switch from easy money to tight money. We’re not going to ...
  March 26, 2014 - Seeking Alpha