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There's A Ton Of Economic Data Coming This Week And The Expectations Aren't Great Read more: http:/
Last week was unusually quiet for the economy, even as the stock market rallied to an all-time high.
This week’s schedule, however, is loaded with April and May economic data. By Friday, we should have a pretty good sense of whether or not the economy decelerated going into the second quarter.
For the most part, economists are expecting a month-over-month slowdown.
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Bernanke Heading For The Exits?: The Wall Street Journal’s Jon Hilsenrath reports that the Federal Reserve is having discussions about how it should taper its easy monetary policy, which has been stimulating the economy since the financial crisis. “Federal Reserve officials have mapped out a strategy for winding down an unprecedented $85 billion-a-month bond-buying program meant to spur the economy—an effort to preserve flexibility and manage highly unpredictable market expectations,” wrote Hilsenrath. “Officials say they plan to reduce the amount of bonds they buy in careful and potentially halting steps, varying their purchases as their confidence about the job market and inflation evolves. The timing on when to start is still being debated.How Much Do Bloomberg’s Reporters Know?: Last week ended with a stunning story about how Bloomberg reporters may be leveraging private data about terminal usage to break stories. The terminal is the most widely-used and arguably the most important source of news on Wall Street. Everyone will want to know exactly what Bloomberg management knew, and what is and isn’t actually private client information.
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