BNP Warns "You Can Never Leave" From The Fed’s "Hotel California"

The minutes of the Fed’s September meeting make it clear that the committee was disturbed by how much the market was pricing in higher Fed funds. It discussed various ways of delinking the decision to taper from the decision to move the Fed funds rate, including clarifying its guidance to state that…

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BNP Warns "You Can Never Leave" From The Fed’s "Hotel California"

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