“Hawkish hold” may disappoint as Fed avoids committing either way

The Federal Reserve is widely expected to leave interest rates unchanged at 3.50–3.75% today, with little room for surprise on the decision itself. Instead, markets are focused squarely on the message. While many participants are bracing for a “hawkish hold,” that expectation may prove too simplistic for a Fed facing growing risks on both sides […]

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