MM121: Goldman profit plunges & has the UK turned the corner with inflation?
Market Maker
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The Precariousness of the Fed's Statements
Every single word that a central banker says is heavily scrutinized and has the ability to influence market expectations. So when they're crafting these statements or answering questions in there with the press pack, they're super cautious. The source comment typically comes out within the hour of Lagarde finishing. And it often, it's more likely to come out when there's been a meaningful moving markets because it's probably been unintentional.
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