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Wednesday, July 9, 2014

Monetary

News                                                                                                                             
Bloomberg | Fed Watcher’s Guide To FOMC Minutes
Here’s what to look for when the Federal Reserve releases minutes from the Federal Open Market Committee’s June 17-18 meeting at 2 p.m. today in Washington.

Econ Comments & Analysis                                                                                            
CNN Money | Breakfast takes a bigger bite out of your wallet
The early bird is paying more for his worm these days. If you're keeping a closer eye on your pocket book, you're feeling a pinch when you go to the grocery store.
Real Clear Markets | The Fed's 'Blunt Instrument' Drives Financial Instability
If you were to give Federal Reserve policy makers a word-association test, their answers would be fairly predictable. Say the word inflation, and the response would be: monetary policy. Unemployment? Monetary policy. Financial instability? Macroprudential regulation.
Market Watch | ECB needs a better plan to boost Europe’s economy
Reviewing the borrowing costs of European nations, a visitor may conclude that Europe’s economic crisis is over and its rehabilitation is complete.

Blogs                                                                                                                             
Market Watch | Minutes may shed some light on how and when the Fed will hike
Minutes from the June 17-18 meeting of the Federal Open Market Committee will be released Wednesday at 2 p.m. Eastern, and there’s a little less suspense than usual because Federal Reserve Chairwoman Janet Yellen had a news conference immediately following the meeting.
WSJ | House Republicans Want Fed to Adopt Policy-Making Rules
Several House Republicans are embracing Stanford University economist John B. Taylor’s call for the Federal Reserve to adopt a mathematical rule for determining interest rates, stepping into a long-running debate among central bankers about how to set monetary policy.