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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we summarize the key points of today’s FOMC decision and Fed Chair Powell’s following conference as well as the market reaction across assets.  We move on to the US auto market which is showed some weakness for the month of April. We also look at interest rates on auto loans and auto sales in Canada before turning to today’s big miss in ISM Manufacturing. We finish with our weekly looks at EIA petroleum data and another brutal week of equity fund flows.

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