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FOMC Decision: Heartwood Investment Management

David Absolon, Investment Director at Heartwood Investment Management: ‘‘As expected the Fed went slightly more hawkish in projecting the future interest rate path, but it is no game changer. The difference to last December is that this time inflation has a positive impulse. The market reaction in the next few days is not irrelevant, but it will be in January to see whether the market has over-tightened financial conditions.’’