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Interest rates could hit new decade high even if Fed does nothing at its meeting

From cnbc.com

The Federal Reserve could make no new comment at all after its meeting and still sound hawkish, sending the bond market into a tizzy. "If the Fed reaffirms that it's going to keep going after all that stock market noise in October, people may say, 'Hmm, we didn't really expect that,'" said Michael Schumacher, director rate strategy at Wells Fargo. Bond strategists mostly expect the Fed to sound just like it did after its last meeting, ready to roll with its rate hiking plans, when it issues its post-meeting statement at 2 p.m.. That means another rate hike would be coming in December, and the Fed sticks with its ... (full story)

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  • Category: Fundamental Analysis