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Before I begin this week’s decidedly Musings-lite, I thought it worth mentioning that the Beige Book got scant attention in the press; certainly, less than it usually does. I think that’s telling in that it revealed painfully little that we didn’t already know and didn’t move the dial on odds of a December hike in a meaningful way. To wit, moderate and modest are the words to describe the economy and have been the operative words for a few years now. Read more from David Ader's latest musings.
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