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Did The Federal Reserve Just Back Down? | Joseph Wang

Inflection Point

00:00

Introduction

Joseph Wang: It was anticipated that this would be a hawkish pause. He says the FOMC raised their expectation for the Fed funds rate at the end of December, 50 basis points compared to March. Mike Ippolito: Even though heading into this meeting, we had doves and hawks, there were some disagreement on what the dot plots are projecting.

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