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Those times have passed when the Federal Reserve feared repeating the mistakes of its predecessors in the 1970s. Now, the central bank faces a different task: achieving a soft landing for the U.S. economy. According to its opinion, this is more important than returning the PCE to the 2% target. The idea is that as inflation decreases, high interest rates tighten monetary policy and cool the economy. Time will tell how accurate this is. For now, the EUR/USD cannot break
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