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FOMC Recap—35 Qs and 45 Minutes Too Many
The policy rate held unchanged at 3.75% as universally expected and the bias remains heavily conditional upon future data and developments. Label this outing “35 unnecessary questions for a press conference that was 47 minutes too long.” You had me at simply saying I'm not changing today, dunno about the future, we’ll see you then after more data. At least the statement was short and sweet. Like the case of the BoC in the morning, markets barely even noticed (charts 1–4). The 2s yield is unchanged. Full year Fed-pricing was unchanged with two cuts still priced but not starting until at least June. ... (full story)
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- Posted: Jan 29, 2026 1:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,539
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