Today, I fulfill my yesterday’s promise to write about last - TopicsExpress

Today, I fulfill my yesterday’s promise to write about last week’s article by John Hilsenrath. On Thursday, July 25, in his column in the Wall Street Journal, John Hilsenrath made an assumption that the Fed may underline its intentions to continue the current policy of ultra-low interest rates at the upcoming FOMC meeting (on July 30-31). Lowering the target unemployment level (on reaching which the Fed plans to discuss tightening monetary policy) was mentioned by Hilsenrath as one of these signals. Now this level is at 6.5%.

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