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We often see/hear such catchphrases as Dont fight the Fed, When the Fed talks, Wall Street listens etc. when reading financial news or watching business
We often see/hear such catchphrases as Dont fight the Fed, When the Fed talks, Wall Street listens etc. when reading financial news or watching business channels such as CNBC etc. What is the Fed in this context? Whats its role in the financial system and the impact of its decisions on the financial markets? Discuss how the Feds actions will potentially affect equity and fixed income valuations.
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