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These things are actually quite related, though I understand how it might not appear to be that way at first. As noted earlier on Thursday, the Fed (yet again) proves it has no idea how global money markets work. It can't even get Federal funds right after two technical adjustments to IOER (the joke).
But as esoteric as all that may be, recent corporate statements leave much less doubt at least as to the primary effect. Before the FOMC gave up on the boom, company bellwethers like FedEx ([[FDX]]) beat them to it