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“Yellen’s Statement is Being Incorrectly Interpreted”

Daniela Cambone, Kitco News, Released on 7/13/17

“Yellen’s statement was dovish indicating that they were going to slow on hiking rates, which is being incorrectly interpreted. The second part of the statement was that the Fed would start liquidating their bond positions, which is the same as a backdoor rate hike. Bonds go down, rates go up.”

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