Chris Low in The Bond Buyer

"Treasury yields are off their highs, but they remain above median year-to-date yields," noted FHN Financial Chief Economist Chris Low. "There is still restraint coming from markets. The Fed establishing an every-other-meeting pace, rather than an every meeting pace, means the FOMC can keep an eye out for how much it still needs to do while reducing the risk of the kind of dramatic break in markets that could upend the expansion."

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