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So, dot medians as expected for 2020-2022,......>

FED
FED: So, dot medians as expected for 2020-2022, down 25bps vs Sept. as exp
across the board. Very solid group (13/17) seeing no hike in 2020; one hike in
2021, one in 2022. And no change in longer-run dot median (one of the 2.75% dots
shifted lower; and there is another 2.25% in there - the only changes).
- Some sell-side had expected a cut or two in 2020 dots, but nothing doing.
- Totally steady on inflation projections in 2021/22, while most other
projections were largely marked-to-market (nothing changed on GDP, lower unemp
rate forecasts).
- Definitely not rocking the boat in the SEP, then - and while statement removes
language about "uncertainties", again notes global developments and muted
inflation pressures.
- On to Powell at 1430. Any last minute Q's?

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