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Is the Fed Going to Be Able to Continue to Convince the Market That It Is Really Hawkish?
Stocks went up a bit right after the decision was announced and they've come back down since then. But in terms of the market reaction, is the Fed going to be able to continue to convince the market that it is in fact hawkish? "I think this gets to John's point is that if the data is moving in a disinflationary direction, the market's going to go with that," he says.