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No Big Fed Surprises At Lift-Off

No Big Fed Surprises At Lift-Off

4 Years ago | December 20, 2015 00:00:00

John M. Bland


Fed Funds To Rise 25bp

With a 25bp hike in the Fed Funds rate already a given on Wednesday, the focus of trade after that announcement was on the Fed policy statement and Chair Yellen's press conference. Financial markets are always looking ahead and were already looking to the next policy move before the ink had dried on the policy statement on Wednesday. On balance, the markets judged the policy statement to be dovish. Some analysts did a keyword analysis on the statement. They found the word "Grad

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