The Fed’s Early Holiday Gift for Markets: Two Turtle Doves?

Rhea Thomas |
Wilmington Wire
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Fed Chair Powell’s speech at the Economic Club of New York on November 28 brings to mind “The Twelve Days of Christmas,” the age-old English Christmas carol that seems to be ubiquitous on the radio and in stores around this time of year. After Powell’s notably hawkish Oct 3 comments about rates being “a long

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