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I don't think that was quite the message the FOMC wanted to send. It's pretty clear what the Committee wanted to say, or wanted everyone to hear. The members are done with rate cuts because everything looks great. Sure, it all looked great to them last year, but as has become the conventional interpretation of late, hey, at least it didn't get worse. That's where we are in this "cycle," cheered up presumably by the lack of fulfilled downside.
However, despite the apparent emphasis on three-and-done and the relatively stable or positive economic scenario under