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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a review of the swings in the Fed’s Summary of Economic Projections updated today with the latest FOMC decision (page 1). We also provide commentary on the Fed’s newest policy statement, Powell’s presser, and the terminal rate (page 2). We also review the market’s reaction to today’s FOMC news (page 3) before closing with a recap of the latest EIA data (page 4). Below is a sample chart from tonight’s report:
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