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ECONOMICS COMMENTARY
Jul 05, 2013
US: Buoyant job creation adds to likelihood of early Fed "tapering'
A tapering of the Fed's massive quantitative easing program is looking increasingly likely to start in the next few months after much better than expected job creation in the second quarter. However, the sunnier picture of the economy is not without the odd cloud, notably a stubbornly high jobless rate and signs of business activity growth slowing at home and abroad.
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