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"Our conclusion today is that we misjudged (the) FOMC's inclination to provide more stimulus in...

"Our conclusion today is that we misjudged (the) FOMC's inclination to provide more stimulus in the current context," says Nomura, dropping its QE3 call. As the Chairman made clear though, QE3 is only off until a bit of a market stumble, and then it will be back on. (see also)
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