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Fed Rides the Painted Pony on Rates as the Inflation Wheel Spins

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The Fed kept policy in line with the recent rise in expectations with a 75 bp move. While the market received the news relatively well, the outlook is diminishing and the Fed can’t seem to find a directing sign on the straight and narrow highway. Which means more Blood, Sweat and Tears for millenials who are looking to buy a home. (XLF, FANG, TELL, AAL, GDX, HYG, KWEB, NLY)

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