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By Staff Reporters
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The Dow Jones Industrial Average briefly crossed 40,000 for the first time, a milestone that appeared implausible little more than two years ago when the Federal Reserve began raising interest rates to cool an overheated economy.
Gloom and doom forecasts abounded. When the central bank ended the era of low rates that prevailed in the years following the global financial crisis, economists predicted painful consequences: a U.S. recession and rising unemployment.
But – So far … so good!
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Filed under: "Advisors Only", "Ask-an-Advisor", Alerts Sign-Up, Breaking News, Financial Planning, Funding Basics, Investing | Tagged: 40000, central bank USA, DJIA, DOW, fed, Federal Reserve, FOMC, inflation, interest rates, IRS | Leave a comment »
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