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We may get more questions than answers after tonight’s FOMC meeting with the Street fully expecting little new information around their biggest policy change in years. Although updated projections will be released, out to 2023 as we wrote about this morning, all eyes will be on the press conference where Chair Powell will be asked for clarification on average inflation targeting.A dovish reinforcement of the trusted ‘lower for longer’ messaging is expected (read no tightening until well after the end of 2023) as the FOMC remain tight-lipped around any specific detail, sticking with a... Read More

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