The Fed is being 'judiciously cautious,' says Daiwa strategist
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The Fed is being 'judiciously cautious,' says Daiwa strategist

Federal Reserve Chairman Jerome Powell said he considers the fed funds rate to be near a neutral level. Paul Kitney of Daiwa Capital Markets says this is because the central bank's own internal projection of expected inflation has dropped.
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Sun, Dec 2 20186:36 PM EST