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Fed Doubles Down on Guidance; Improved Econ Projections

The Fed met this week. And to summarize, it doubled down on its commitment to keep rates low deep into the economic recovery and will maintain asset purchases at least at their current level. Not surprisingly, coveted details on its new average inflation targeting regime were few and far between.

But even when nothing new is really said during an FOMC conference, the reporters covering the Fed usually put on a decent show. And if I had to give them a grade on their questions during Wednesday’s press conference it would have to be an “A”.

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