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Fed's rate hike should have 'erred on the side of caution' as growth remains tentative: Stifel Nicolaus' Piegza

Fed's rate hike should have 'erred on the side of caution' as growth remains tentative: Stifel Nicolaus' Piegza

"I think the Fed should have erred on the side of caution, waiting for further indication that we are on relatively firm footing," Piegza added, voicing concern that "the Fed may raise rates at a faster pace than the economy can withstand."

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