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FOMC Minutes Don't Alter Sep Tapering View - Barclays
The follwing is Barclays Capital's first reaction to the July FOMC minutes: "There is little in the minutes of the July 30-31 FOMC meeting to alter our view that the committee will taper the pace of purchases at its September meeting. The minutes were largely non-committal, offering little to suggest that the committee was ready to raise expectations further about tapering in September, while also saying little to indicate that participants did not think a September tapering would be appropriate. In our view, there were two salient points regarding the conduct of policy. First, “a number of participants” ... (full story)
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