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Thursday, August 1, 2013

Monetary

News                                                                                                                             
CNN Money | Central banks in Europe keep rates on hold
The European Central Bank and the Bank of England left their benchmark interest rates unchanged Thursday, while both move towards issuing more Fed-style guidance on future policy plans.
WSJ | Tepid Growth Restrains Fed
The U.S. economy registered subpar growth and low inflation in the first half of the year, factors that led the Federal Reserve Wednesday to keep its easy-money policies in place.

Econ Comments & Analysis                                                                                            
Fortune | Federal Reserve punts, for now
What's most significant about the Federal Reserve's latest statement is what it did not address: tapering bond-buying and future policy guidance.

Blogs                                                                                                                             
WSJ | Economists React: September Tapering ‘Still a Good Bet’
The FOMC statement is unchanged in terms of policy compared to the June 19 statement, but it addresses, briefly, two recent developments which have exercised investors and commentators.