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Busy Week With Fed and Debt Ceiling – SOTU on Deck

It was a busy week in DC with the Fed moving rates up 25 bps and the White House meeting between Biden and McCarthy.

The Fed’s move to increase rates by 25 bps was widely expected. It once again demonstrates that under Chair Powell the Fed is going to telegraph policy and not surprise markets. Both the official Fed statement and the Chair’s press conference combined hawkish sentiments on pushing towards the 2% inflation goal with comments about the need to be data-driven in future policy deci...

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