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I thought Powell all but confirmed an increase next week. Going back now would definitely come as a surprise. At teh very least they will need to release a plan on ending QE or lose all creditability. I would hope that they at least put an end to QE as we can't keep digging this hole deeper. At a certain point nobody will be able to get out. Alternatively, they could wait until we experience stagflation and a recession and then go to negative rates.