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The Fed Can’t “Err Dovish”
For those of us who just can't get enough when it comes to analysis of today's Fed meeting (and likely hike) and what the FOMC plans to do when it comes to making sure forward guidance is in some sense "in sync" with what Trump's stimulus plans will mean for the economy and inflation, I bring you the latest missive from Deutsche Bank's Alan Ruskin, who speculates a bit on what a dot shift would mean for the USD.
From Deutsche:
A Fed rate hike at the Dec FOMC meeting is a foregone conclusion.
