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Phil Rosen recently published an article for Business Insider in which he quoted our partner and resident Fed expert, Lundy Wright.

Lundy Wright, partner at Weiss Multi-Strategy Advisers and longtime Fed watcher, told me the key from Wednesday was Jerome Powell's emphasis on financial conditions being tighter now compared to a year ago.

"Similar to the FOMC meetings of the past few quarters, investors are demanding detailed, expected and absolute hawkish statements," Wright said. "Powell simply hedged statement after statement with conditionality, and the markets chose to focus on that as a sign that the Fed will not be hawkish going forward."

To read the article in its entirety, please click here.

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Important disclosures: Disclosures: This content (the "Insights Page") is provided by Weiss Multi-Strategy Advisers LLC ("Weiss"). The views expressed on the Insights Page are for informational purposes only and are subject to change without notice. Information on the Insights Page has been developed internally and is based on market conditions as of the date of the original post on the Insights Page from sources believed to be reliable. Nothing on the Insights Page should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to buy or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. Please consult your own advisers regarding business, legal, tax, or other matters concerning investments. Weiss has no control over information at any external site hyperlinked on the Insights Page. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement or ongoing monitoring by Weiss of any hyperlinked site. Investing in securities is speculative and involves substantial risk of loss.