The main focus for yesterday's Fed meeting was to observe the change in tone and text of the statement. As it turned out, our assumption on the constraints of the bullish mood was quite correct. All the positive elements in the statement about the economy were balanced risks and pitfalls, and the path of economic recovery is called "insufficient to provide significant improvement in labor market conditions." Moreover, the key phrase that the situation involves "saving rates low for a long time," preserved. The Fed was also very concerned that the markets did not correctly assess the sustainability of recovery. And make such mistakes more than once a year, so it is certainly not warm standby.
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