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More than at most of its meetings, the Federal Reserve’s decision on Wednesday is going to come down to a single sentence in which the central bank tries to describe where it thinks its policy is headed next.
At its last meeting in March, the Fed’s key statement read: “The Committee anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time.”
The…
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