Conditions Are Ripe for the Fed to Spring a Dove Trap
Jerome Powell, chairman of the Federal Reserve, listens during a Federal Reserve Board meeting in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

Conditions Are Ripe for the Fed to Spring a Dove Trap

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(Bloomberg Opinion) -- Market participants will know soon enough whether the U.S. Federal Reserve has led them into another “dove trap” and will need to reel in expectations for interest-rate cuts....
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