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Tuesday, July 17, 2012

Monetary

News                                                                                                                             
Market Watch | Bernanke to suggest Fed on dovish course
Financial markets might cheer up a bit after listening to Federal Reserve Chairman Ben Bernanke this week, Fed watchers said Monday.
Bloomberg | Consumer Price Index in U.S. Was Unchanged, Core Up 0.2%
The cost of living in the U.S. was little changed in June, a sign inflation may stay subdued as Federal Reserve officials have predicted.

Blogs                                                                                                                             
Minyanville | Here Comes the Fed!
Talk is cheap and quantitative easing is expensive, so what do the financial markets want the Fed to do regarding QE? Money managers say, “No more,” but their portfolios say, “Third helping, please!” And what will Fed Chief Bernanke say to Congress this week? My guess: Probably some confusing combination of no, yes, and maybe. And so it goes, and so it goes….
WSJ | Five Things to Watch for in Bernanke Testimony
Federal Reserve Chairman Ben Bernanke heads to Capitol Hill Tuesday for the first of two days of questions, comments and haranguing from lawmakers as he delivers the central bank’s semiannual report to Congress.