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Macro Views: The Fed’s ‘Reflectivity Game’

The Fed’s ‘Reflectivity Game’

Markets interpreted the latest FOMC meeting as hawkish because 1) the dots rose significantly, with 13 out of 18 board members expecting a hike by 2023 and seven participants now expecting a hike by the end of next year; 2) this significant upward shift in rate projections was accompanied by ...


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