FOMC: Positioning for rate cuts |
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Overview : Last night the Minutes of the FOMC meeting on 16 September were published following shortly after a speech in Washington by Fed. Chairman Bernanke on the economic outlook and financial markets. While the Minutes mostly contained old news, Bernanke’s speech suggested that the level of concern about the growth outlook has intensified since the meeting and that the Fed is now on an easing bias. Details : The Minutes suggest that the outlook was marked down slightly at the 16 September
Filed under: Fundamental
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