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Topic - Paul Edelstein
Wall Street suffered through its worst day of the year Thursday, bringing investors down from the "sugar high" they have enjoyed this year as the markets topped milestone after milestone.
"The major problem is the fallout on the economy from the fiscal showdown that occurred this month, and could occur again early next year," he said. "The Fed's short-term objective is to protect the economic recovery from Washington headwinds."
Paul Edelstein, economist at IHS Global Insight, said the Fed is on hold until at least March 2014.