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Market Impact: 0.25
The Fed hasn't been this terse since 2007. What a 130-word statement signals for market stability.
Source: marketwatch.com
Monetary PolicyInterest Rates & Yields
Bank of America said the Federal Open Market Committee's statement accompanying this week's 25bp interest-rate increase was its shortest since 2007, at 130 words. The unusually terse communication underscores the Fed's hawkish policy action but provides limited additional forward-guidance detail.
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