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Soft Information in Earnings Announcements Federal Reserve Federalreserve

Soft Information in Earnings Announcements Federal Reserve Federalreserve

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in light of how far we've come in tightening policy the uncertain lags with which monetary policy affects the economy and potential headwinds from credit tightening today we decided to leave our policy interest rate unchanged and to continue to reduce our Securities Holdings looking ahead nearly all committee participants view it as likely that some further rate increases will be appropriate this year to bring inflation down to two percent over time

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