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Thursday, February 20, 2014

FOMC minutes: chance of rate hikes "relatively soon."

In the last FOMC meeting chaired by Ben Bernanke, a few policy makers saw a chance of rate hikes "relatively soon." As for forward guidance in which the Fed promised to hold Fed Funds near 0% after the 6.5% unemployment rate threshold was crossed - that's pretty much done with. The minutes also show little concern about the string of soft economic data at the start the year.

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