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Economists React: Good Enough for the Fed to Pull Back
Economists and others weigh in on the June gain of 195,000 jobs. Most economists saw the employment growth as strong enough to lead the Federal Reserve to start pulling back — “tapering” — its $85 billion a month bond-buying program this fall. In one line: Good enough to sustain Fed intentions for fall tapering. – Ian Shepherdson, Pantheon Macroeconomics Wake up and smell the taper. … Combing through the details of the release, there is not too much to sniff at, and overall, the June report easily gets passing marks. The employment data in the second quarter continue to look stronger than the GDP figures, ... (full story)
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