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The Fed's Contagious Concern

Posted by Joseph Trevisani on Jan 27, 2016 5:43:24 PM

Today's FOMC statement noted that the U.S. economy "slowed" in late 2015. The bank is "closely monitoring" global developments. Path of future rate hikes will be "gradual". Policy "will depend" on data, low inflation remains temporary.

Equities, Treasury yields lost ground, WTI and the euro were essentially flat. March rate hike expectations fell.

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