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Published on Monday, September 21, 2015

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Market Comment| Hawkish message of Fed members partially offset last week’s FOMC decision

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Summary

US existing home sales in August dropped more than expected (by 0.27 million; consensus: 5.50 million). On the latest FOMC decision, St. Louis Fed President Bullard said that it’s time to increase interest rates, and policymakers should not react to turmoil in financial markets. “I would have dissented on this decision”, said Bullard. James […]

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