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How Powell pivoted away from the Fed's dovish message and tanked the markets

Por: MarketWatch Business November 03, 2022

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Breaking news: Here’s the key sentence from that the market bulls seized on before Powell spoke: “In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.” Markets initially rallied on the idea that the Fed was signaling the... + full article



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