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Monday, August 5, 2013

Monetary

News                                                                                                                             
CNBC | Fed tapering will be for wrong reason: El-Erian
A tapering of the Federal Reserve's $85-billion-a-month bond-buying program this year is "almost a given," but there won't be enough economic growth to justify the reduction, Pimco's Mohamed El-Erian told CNBC on Thursday.