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US Treasury Sec Mnuchin: Market overreacted to Fed’s comments

U.S. Treasury Secretary Steven Mnuchin is now out on the wires, delivering the key quotes found below.

  • Market overreacted to Fed’s comments.
  • If low inflation continues, Fed rate path may change.
  • DoJ action separate from trade talks with China.
  • Cites he focuses on Fed’s inflation projection.
  • Still confident we can deliver 3% growth in 2019.
  • Think will see rebalancing out of bonds into equities.

Source Reuters.

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