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Fed chair Jay Powell’s comments that there was no evidence whatsoever of inflationary pressure knocked US yields which had been climbing in the lead up to this week’s meeting, down quite sharply, and also saw both the S&P500 and Dow finish the day lower.
That, combined with a slight nudge higher in the unemployment forecast gave the impression that US policymakers were slightly less optimistic about the long term future outlook than they were a few weeks ago, and this saw US yields…
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