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1.28.2015 Fed Confusions Bookmark

Everyone waited with the proverbial "baited breath" to see what the Fed's were going to say about monetary policy. But what they said, threw the algo-bots for a bit of a loop. They wanted pure hints that the Fed's were not going to hike rates this year, but instead they got a statement suggesting that the economy is really strong, jobs are really strong and while they can be patient about rates, they removed the "considerable time" language from the statement.

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