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Closed-End Fund Market Commentaries

Fed Resists the Doves

Sep 20, 2017
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The big news today wasn’t the Federal Reserve’s decision
to start gradually reducing its balance sheet in October. Almost everyone expected that. Instead, the big news was that twelve of the sixteen members of the Fed’s interestrate setting body – the Federal Open Market Committee – think the Fed will be raising interest rates by at least 25 basis points later this year.

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