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Federal Reserve officials made efforts to ease market pressure following the unexpectedly dovish outcome of last week's Fed meeting. John Williams, the head of the New York Fed, was the first to comment on the trajectory of interest rate expectations. He cautioned against placing too much reliance on market expectations. Loretta Meister, the head of the Cleveland Fed, added on Monday that the market had gotten a bit ahead in terms of its expectations. James Gulsby from the Chicago Fed
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