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BMO's Ian Lyngen adds that the.....>

US TSYS/RESEARCH
US TSYS/RESEARCH: BMO's Ian Lyngen adds that the Fed's "year-to-date track
record makes it difficult to fade the Committee's insistence on the
appropriateness of a move in December and the market has been unwilling to
attempt doing so. After all, at the beginning of this year, the Fed (via the dot
plot) communicated a plan of 3 hikes and a taper and as it currently stands,
that appears to be exactly what will be delivered." 
- He said "the chorus of Fed-speakers looking for a return of inflation to 2% by
the end of 2018 has contributed to investors' confidence" in FOMC's "commitment
to hike in December, even if the realized inflation numbers tell a different
story."

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