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Tuesday, May 14, 2013

Monetary

News                                                                                                                             
FOX Business | U.S. Import, Export Prices Fall in April
U.S. import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures.
Bloomberg | Fed’s Plosser Says Slowing Inflation No Concern for Policy
Federal Reserve Bank of Philadelphia President Charles Plosser said a slowing in U.S. inflation to the lowest rate in more than three years doesn’t warrant a Fed policy response.

Econ Comments & Analysis                                                                                            
Market Watch | Philly Fed’s Plosser: Slow, then end, bond buys
The Federal Reserve needs to slow asset purchases before stopping them, according to a policymaker talking about the central bank’s exit strategy for the first time since a major article was published on the subject.