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Wednesday, May 9, 2012

Monetary

News                                                                                                                             
WSJ | Fed's Dudley: US Monetary Policy Focus Domestically Driven
The globalized nature of the world economy calls for broader coordination between economic policy makers and other regulators, a top Federal Reserve official said Tuesday, in remarks that reiterated the U.S. central bank only pursues its actions in line with domestic considerations.

Econ Comments & Analysis                                                                                            
Market Watch | Emerging markets to shadow U.S., Europe
Industrial production is stalling in India, and its credit rating may be downgraded to junk. Power consumption in China has slowed to about half of last year’s level, while consumer price inflation remains stubbornly high.