Is the Fed’s latest decision to leave rates unchanged truly dovish?
Neutral is a closer reading, since it has something for everyone — and a change could come quickly.
At its two-day meeting in late April, the Federal Open Market Committee voted to leave interest rates unchanged at a range of 0.25% to 0.50%. The Fed delivered a statement that was interpreted as dovish, but in reality it was relatively neutral, with a little something for everyone.
In the stateme
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