Assessment: The Federal Reserve was hawkish on raising interest rates year end 2018 but capitulated in 2019 and kept the printing press humming. Will a falling market and slower GDP growth cause another capitulation in 2022? … One look at the market reaction, and especially rate market’s reaction – which now sees 80% odds of a March rate hike… … to the Fed’s rather hawkish minutes, and one would be left with the impression that a hike
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