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As June looms, The Fed – having dropped ‘some’ of its global event risk language in the latest statement – is now desperate for an excuse to not hike rates (or face a total loss of credibility). Judging by Fed’s Kaplan, they just found it…
- *KAPLAN SAYS FED WILL WATCH U.K. POLLS ON BREXIT CLOSELY IN JUNE
Which is a problem as ‘Brexit’ just moved into the lead among YouGov polls.
Either Brexit or market turmoil or a terrible jobs number…
- *KAPLAN SAYS IF ECONOMY IMPROVES IN NEXT MONTHS, WILL BACK HIKE
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