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Thursday, September 6, 2012

Monetary

News                                                                                                                             
Market Watch | ECB to launch 'outright monetary transaction' plan
European Central Bank President Mario Draghi on Thursday said the central bank would launch an "outright monetary transaction," or OMT, program in the secondary market, under strict conditionality.
Bloomberg | Yellen Getting Fed Hawks to Work With Doves Signals Potential
The U.S. Federal Reserve used to be a black box. Big banks employed full-time Fed watchers to study the money markets and guess what the institution was up to.