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Expect Heavy Scrutiny of GDP After Hawkish FOMC

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    After yesterday’s hawkish FOMC statement we should prepare for even more scrutiny of every U.S. economic release, starting with today’s GDP reading, as investors once again try to anticipate whether or not we’ll get a rate hike in December. In keeping with the Fed’s policy under Chair Janet Yellen, the Fed yesterday left the door wide open to a rate hike in December without explicitly committing to it, instead once again putting the emphasis on economic data while dropping its warning on

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