Student of the Markets
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Deutsche Bank: A Hawkish Fed Statement Today Is 'More Or Less Inevitable'
The consensus among Wall Street economists and strategists is that the Federal Reserve will strike a dovish tone with today's release of the statement from the October FOMC meeting. Observers are focused on changes to the section about the economy: they suggest the FOMC will update this part of the statement to reflect the ongoing uncertainties surrounding the fiscal battles in Washington that were cited as one part of the reason to refrain from tapering quantitative easing in September, when everyone expected it to happen. Alan Ruskin, managing director and global head of G-10 FX at Deutsche Bank, disagrees. ... (full story)
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