Fed Mad Libs: Diction & A Dovish Tilt
Loomis Sayles Credit Research
MARCH 22, 2023
Remember Mad Libs, the word game where players slot adjectives, nouns and verbs into a paragraph? Markets tend to pay close attention to what the Fed says (or doesn’t) and what it signals about the path for future policy rates. The Fed scrapped its previous references to Ukraine or the pandemic.
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