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This next move is going to be their last - and they know it even if they aren't ready to admit it.
The Fed hiked rates, no surprise, even raised consumer price forecasts and the infamous dot plots. Markets, no surprise, did not buy it one bit. there continues to be way too much which reminds us of 2008, including the confused FOMC stance.
Eurodollar University's Money & Macro Analysis
FOMC SEP Projections; June 24-25, 2008
https://www.federalreserve.gov/monetarypolicy/files/FOMC20080625SEPcompilation.pdf
Twitter: https://twitter.com/JeffSnider_AIP
https://www.eurodollar.university
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https://www.PortfolioShield.net
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The skinny
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