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Yesterday's FOMC minutes reveal a central bank perhaps confused about what to do next, says...

Yesterday's FOMC minutes reveal a central bank perhaps confused about what to do next, says Mohamed El-Erian, so it will do what it knows best - launch another round of QE, perhaps as early as December. The Fed's "sizable footprint" has "altered not only valuations, but also the efficient functioning of markets." Indeed.
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