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September data fires up yields, and puts the Fed in a bind

From axios.com

Top Federal Reserve officials seem prepared to be done with raising interest rates. The economy hasn't gotten the memo. Why it matters: It looks increasingly like the third quarter featured blockbuster GDP growth; so far, September's major data releases all point to robust activity heading into the fall. This puts the Fed in a bind. • The central bank always emphasizes that it is data-dependent. But it also aims to be forward-looking, trying to set policy based on where the economy is going rather than where it is today. Right now, those are in tension. • How the tension is resolved — whether the Fed raises rates ... (full story)

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  • Category: Fundamental Analysis