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Preserving Optionality and Other Things

Let's Appreciate

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The Fed's Skipped

The Fed skipped a rate hike in this meeting. It's because they wanted to preserve optionality. The Fed is also projecting us off-landing, meaning that they see an improvement in the overall economic vibes. In their group forecast, they're no longer saying yikes here comes our session. They're expecting stronger GDP growth lower unemployment and higher core PSEs.

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