Will Fed-Speak Need a Translator?

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Stocks continued to inch higher over the last several days ahead of today's Fed policy meeting. That has occurred even though we've seen GDP expectations for the current quarter revised lower by economists, regional Fed banks and even companies like FedEx (FDX) , which sees GDP hitting all of 2.2% this year. We should continue to see the Fed taking yet another pass on boosting interest rates later today, and given the hurricanes' impact, our view is the next potential interest rate hike could be late this year, but more likely in the first quarter of 2018. ...345 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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