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the fed did something the market expected
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there's something perverse going on.* as indicated by fed.funds.futures, the markets clearly expected today's move, and as such it should have had no discernable effect.* there might, however, be some "relief" being expressed that the fed did act as expected. (but had there been wide-held suspicions otherwise, the expected would not have been expected.  )* we were previously told that today's move would depend on the data; we are told once again that future moves would depend on the data; we're all looking at the same data; where's the surprise?
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