‘Plain English’.

‘Plain English’.

Ok, so the Fed hiked, the dots moved and the dovish forward guidance at the end of the statement was struck along with three whole sentences: You could argue that striking that will actually give them more flexibility going forward, but I'd be willing to go out on a limb and say it does the opposite. Trying to turn these policy statements into something that any idiot can understand will invariably backfire precisely because when you go that route, any idiot will indeed start trying to unders
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