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US NFP Preview: Fed Focused on Jobs Report and Election
The US Federal Reserve held interest rates steady on Wednesday, as widely expected, but left the door wide open for a rate hike in December. The FOMC statement itself was more of the same Fed-speak – but there were two notable elements of Wednesday’s announcement that gave some indication of the Fed’s currently mixed policy stance: 1) Whereas there were three dissenting voters in the September FOMC meeting who wished to raise interest rates, yesterday’s meeting only had two – this was somewhat of a dovish indication. 2) The statement said that the committee wanted to wait for “some further evidence of ... (full story)
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