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TD strategists led by Michael Hanson said...>

US VIEW
US VIEW: TD strategists led by Michael Hanson said the November 2-day FOMC
meeting outcome at 2pm ET Wed "is likely to be uneventful, with rates unchanged
and no substantive changes in language. That said, we see two-sided risks: more
cautious language on the inflation outlook (dovish), and a signal about an
incoming rate hike (hawkish)."
- They add that "gGiven current market pricing for a December hike, we expect
any hawkish tone in the statement to have a more modest impact than a dovish
bias."

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