FOMC March 20-21st Meeting
The statement had important changes FOMC increases flexibility and moves a step closer to neutrality Fed’s hawkish bias changed to implicit from being explicit Although the wording moved closer to neutral As widely expected the FOMC kept rates steady at 5.25% for the sixth consecutive meeting. Although the wording of the statement had important changes, we judge that the statement remains consistent with an extended pause. However, the probability of policy easing probably increased, while
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