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Policy watchers are getting clarity on recent rate decisions—turns out the Fed's interest rate stance had nothing to do with the events that unfolded recently. That's the word from market observers tracking monetary policy. Meanwhile, there's cautious optimism about how things will shake out with the pending Fed-related legal matter. Folks in the financial sector are watching closely to see if everything resolves smoothly. The takeaway? Rate policy and courtroom drama are playing out on separate tracks, which could matter for how markets price in future economic moves.