Dollar: Risk Rally May be Fatigued but GDP Expectations Restrained
Did the Fed meet the market’s expectations for greater accommodation? A forecast of virtually-zero interest rates through the end of 2014 does not have the same level of amperage that a wholesale asset purchasing program (long ago given the moniker ‘QE3’) would. The masses seem to be slowly coming to terms with the reality that perhaps the Fed short of expectations in its ‘hand-sitting’ approach.
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