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FOMC Recap: Fed Holds, but Not Quite the “Hawkish Hold” Traders Expected - FOREX.com
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FOMC Recap: Fed Holds, but Not Quite the “Hawkish Hold” Traders Expected FOREX.com
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4 itemsDESK NOTEING Economics
FOMC preview: Fed to stay on hold after June’s hawkish shift
BOFA GLOBAL RESEARCHBofA Global Research
Task force hawkish
The desk interprets the recent FOMC meeting as a significant pivot towards hawkishness, emphasizing the concise nature of the statement released, which suggests a return to more traditional communication styles from the Fed. Per the full note [source], this marks a notable shift, reminiscent of pre-global financial crisis messaging, evidenced by the decreased word count of the statement to 130 words from an average of 250. This hawkish tone has implications for FX positioning, particularly favoring USD appreciation as traders begin to recalibrate expectations around future rate hikes.
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