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Fed Raises Rates, Removes 'Accommodative' Language

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by , 09-27-2018 at 07:17 AM (844 Views)
      
   
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The Fed’s rate hike was no surprise, considering that futures prices had pegged odds at 100%. What might have surprised some was removal of “accommodative” language from the Fed’s statement. However, the strong economy arguably makes that support unnecessary.

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