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25bps largely as expected; uncertainties........>

FED
FED: 25bps largely as expected; uncertainties remain, little change to economic
conditions / outlook. Ending early roll-off a modest surprise. Powell and co
couldn't convince George and Rosengren to cut. All about the press conference.
Tsys more or less back to where they started after selling off initially.
-Balance sheet implementation note here:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20190731a1.htm

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