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One Step Forward, Two Steps Back

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Fed scales back yet again Credibility becoming an issue Risk for another major bubble FINANCIAL MARKET DEPENDENCY - Clearly the Fed doesn't want to do anything to rock the boat. It's time to forget about 'data dependency' and focus on what is really driving Fed policy. Financial market dependency. If the Fed were truly data dependent, it wouldn't have scaled back policy the way it did on Wednesday. And yet, with no real major changes since December, the Fed has now cut it's dot plot in half,

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