The Federal Reserve made subtle hawkish changes to its August statement released on Wednesday, even though it left benchmark interest rates unchanged.
The Fed said economic activity is rising at a "strong" rate, compared to a "solid" rate in June. This is a nod to the recent 4.1% GDP print for the second quarter -- the highest since 2014, according to Danielle DiMartino Booth, CEO of Quill Intelligence and a former Federal Reserve advisor.
The Fed is widely expected to announce another rate hike, it's third for the year, at its next meeting in September.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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