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The Fed's Mild Dovish Turn
The Minutes of the Federal Open Market Committee from their May 3-4, 2022 FOMC meeting, released last week, point to a mild Fed dovish turn - from what it was an extremely hawkish policy stand.
SPY: The Fed Makes A 'Mild Dovish Turn' - Buy Stocks
Summary
- The Fed made a mild dovish turn at the May FOMC meeting.
- Thus, the probability of the Fed-induced recession decreased.
- The bounce in SPY likely to continue.
Commodity Trading Adviser (CTA), member of National Futures Association. Professor of Finance, research on Global-macro issues. Editor-in-Chief, Journal of Corporate Accounting and Finance.
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