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September 01, 2020 1:41pm
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FOMC reaction: I told you so

Mid-week market update: Happy Price Stability Day to you!
Ahead of the FOMC meeting, I had been pounding the table that market expectations were unrealistically hawkish. The market was discounting strong rate hikes well beyond the Fed's stated median neutral rate of 2.4%, according to the March Summary of Economic Projections.

The full post can be found here.

Sale in MayWe would also like to announce our "Sale in May" event. Get 50% off a monthly subscription for the first month. Click here to subscribe.

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