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The Fed is fully aware that a slowly recovering economy needs to be nursed carefully back to health before the doctor sends the patient home.
- Anthony Chan
I think that if the Fed goes back to normal language about 'measured pace' (of rate hikes), it becomes a secondary story... It is only becoming a big story because of the uncertainty about what they were going to do. The equity markets will be looking for language here again. If it talks too harshly about inflationary pressures, it could be unfriendly for stocks.
- Anthony Chan