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Why Friday May Be One of the Most Interesting Days of the Quarter
A day that's expected to affirm the U.S. consumer's strength could also begin with a step into uncharted unconventional policy by the nation whose demographic trends may serve as an early warning signal of what awaits other advanced economies. "Tomorrow could be among the most challenging sessions of the third quarter," writes Marc Chandler, head of currency strategy at Brown Brothers Harriman & Co. "The focus is primarily on Japan and Europe, but the U.S. reports its first estimate of second-quarter GDP." Investors will have a lot on their plates to digest, with a Bank of Japan meeting, the results of stress tests ... (full story)