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Central Bank Focus

The Fed Holds The Line

by Felix-Antoine Vezina-Poirier, Chief Strategist  

The Fed held rates for a third consecutive meeting and signaled no urgency to cut. The Fed left rates at 3.5-3.75%, with a 8-4 vote in favor of the relatively unchanged statement. Dissents were two-sided, with Governor Miran favoring a 25 bps cut, and…

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