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Market Frets Over Hawkish Dots Despite Dismissive Yellen
Some people on Wall Street just can’t seem to take Fed Chairwoman Janet Yellen at her word. The outcome of the Federal Reserve’s September meeting was clearly dovish in that it left the central bank’s easy money policies in place for a while longer. Policy makers repeated their assurance that short-term interest rates would remain near zero for a “considerable time” after their bond-buying program ends. That was a relief to investors who worried the phrase would get scrapped as a signal that rate increases might be coming sooner than they expected. Yet some analysts seized on the Fed’s so-called dot ... (full story)