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Fed Likely to Consider Refining Easy-Money Message

From nasdaq.com

The Federal Reserve is on track to keep its $85 billion-a-month bond-buying program in place at its policy meeting next week, but officials likely will debate changes to the way the central bank describes its plans for the program and for short-term interest rates. Fed Chairman Ben Bernanke has been saying since May that the central bank expects to begin winding down its bond- buying program later this year, if the economy strengthens as the Fed forecasts. At their July 30-31 meeting, Fed officials are likely to discuss whether to refine or revise "forward guidance," the words they use to describe their intentions ... (full story)

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