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Markets Disappointed As FOMC 'Upgrades' Economy & Jobs In Hawkish Statement
The 4 key phrases from today's FOMC Statement are: "Strong Jobs Gains" instead of "Solid Job Gains", "Considerable time" sentence dropped entirely "Solid Pace" instead of "Moderate Pace" For Economy Add "Inflation is anticipated to decline further in the near term" as new language And voila, a hawkish policy statement... sending stocks, crude, and bond yields sliding on the news. Initial pop and now Stocks, crude and bond yields tumbling... Crude crashed to new cycle lows...