Tuesday, May 1, 2009

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weekly economic
commentary 08/31/15

As the mid- September policy-setting meeting draws closer, the task of separating the wheat from the chaff is becoming ever more daunting for Fed officials. That’s because the unnerving global turbulence in global markets in recent weeks is adding a layer of uncertainty to an already-confusing economic backdrop. A few weeks ago, the general consensus was that a rate hike in September was virtually baked in the cake.

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