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Janney Fixed Income Strategy

A new year, a new class. The FOMC begins its 2013 policy year with a few new members in the usual fashion. Lacker, Pianalto, Williams, and Lockhart have been replaced by Evans, Rosengren, George, and Bullard, but the committee still leans on the dove-side meaning we are apt to see an accommodative stance throughout 2013.
-Janney Montgomery Scott