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Potential Over Focus On FOMC 'Probably' Needing To Hike Further

FED
  • Mention of probably in the main Bloomberg headline of *POWELL: PROBABLY NEED TO DO FURTHER INTEREST-RATE INCREASES is possibly helping dovish reaction but not wildly different to language from the presser.
  • This from Wed Q&A: "You know, we've raised rates four and a half percentage points and we're talking about a couple of more rate hikes to get to that level we think is appropriately restrictive. And why do we think that's probably necessary?"

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