"If The Fool persists in his Folly he will become wise." - William Blake
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How the Fed could pull a November surprise
The Fed meeting next week is widely expected to be a snoozer, but there is a way the Fed could wake up markets. Fed officials have been suggesting a December rate hike is possible — including dovish New York Fed President William Dudley who is closely allied with Fed Chair Janet Yellen. But how the Fed signals that it really is ready to hike for the second time in a decade next month is going to be important. Some market players believe the Fed will be fairly blunt in its statement next Wednesday, just like it was last year in late October when it injected the possible timing into its post-meeting statement. It ... (full story)
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