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Wall Street economists are telling investors to brace for the biggest tightening of monetary policy in more than a decade. With the world economy heading into its strongest period since 2011, Citigroup Inc. and JPMorgan Chase & Co. predict average interest rates across advanced economies will climb to at least 1 percent next year in what would be the largest increase since 2006 .A clearer picture should form this week when the Norges Bank, Fed, Bank of England, European Central Bank and Swiss National Bank announce their final policy decisions of 2017 .At least 10 other central banks also deliver decisions this week.JPMorgan projects its gauge to rise to 1.2 percent, a jump of more than half a percentage point from 0.68 percent at the end of this year.JPMorgan is forecasting the U.S. will shift four times.The International Monetary Fund predicts consumer prices in advanced economies will climb 1.7 percent next year, the most since 2012, but it remains below the 2 percent most central banks view as price stability.
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