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“Instead of dropping 'measured,' they chose language that acknowledges the modest pick-up in inflation pressures. This may be a step toward getting rid of 'measured;' of being more aggressive without indicating a change in the plan.”
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“Normally Greenspan's pretty cautious, but this time he didn't pull any punches in being upbeat on the economy.”
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“Our portfolio remains slightly below duration. But then, the entire fixed-income universe has been defensively positioned for months now.”
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“What we're waiting to see is whether the increase in commodity prices will sift through into core inflation.”
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