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Will She Or Won't She: Janet Yellen's September Predicament
Forbes: It’s getting down to crunch time for Janet Yellen. With two months until the September Fed meeting, every data point matters and you can be sure the FOMC is watching. Despite the “turmoil” in Greece and China, it seems as though the Fed has implemented a full-blown PR campaign to prepare markets for a 25bps hike in September.
Boston Fed President Eric Rosengren, one of the Fed’s most dovish officials, said Monday that September is time to pull the trigger. Cleveland President Loretta Mester would support two hikes in 2015. And Blackstone’s Byron Wien, representing the private sector, believes the Fed is “dying” to raise rates.
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