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Commentary
Op-ed·6 min read

What the Fed Actually Said, and What the Market Heard

The gap between the FOMC's prepared remarks and the market's reaction last week is a textbook illustration of narrative distortion in financial news.

E
Faculty, Macro Economics·April 10, 2026

The gap between the FOMC's prepared remarks and the market's reaction last week is a textbook illustration of narrative distortion in financial news.

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