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Wednesday, June 29, 2011

Monetary

News                                                                                                                             
Market Watch | Major China bank sees inflation hitting 6.2%
China’s June consumer price index inflation is set to hit 6.2%, as food prices continued to rise, said a report released Monday by China International Capital Corp.
Market Watch | Fed may loosen debit-card swipe-fee rules
The Federal Reserve may provide some moderate relief to banks when it votes Wednesday afternoon to adopt a controversial debit-card rule that is set to shift billions of dollars in revenue from financial institutions to merchants.