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Traders Will Watch Fed for Slightest Taper Tweak
For the dead of summer, the week ahead couldn't be livelier. "Taper talk" should pick up again as the Federal Reserve gets set to meet Tuesday and Wednesday. While Fed officials are not expected to make any major changes in their statement or policy, traders will be watching for any subtle tweak that could indicate the Fed's views on tapering its $85 billion a month bond-buying program. About a fifth of the companies report earnings in the coming week, and it's a first look at big oil, with BP, Exxon and Chevron all reporting. Then there are two major data releases — the Friday jobs report, always important, ... (full story)
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