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发表于 2013-6-28 08:16 AM
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(ZT frm CNBC)
Another chorus of Fed speakers will be watched by markets Friday, as stocks are set to close out the first half of the year with double digit gains.
Fed Gov. Jeremy Stein spoke at the Council on Foreign Relations in New York, reiterating concerns of other Fed officials that the markets have overreacted to the idea of the Fed paring back on bond purchases and that the Fed has no plans to change short term interest rates. Some traders took his comments to mean that the Fed would be ready to taper its program at its September meeting, and that pushed yields slightly higher and stock futures lower.
"The best approach is for the committee to be clear that in making a decision in , say, September, it will give primary weight to the large stock of news that has accumulated since the inception of the program and will not be unduly influenced by whatever data releases arrive in the the few weeks before the meeting - as salient as the releases may appear to be to market participants," he was quoted by Reuters as saying at the CFR meeting.
Richmond Fed President Jeffrey Lacker was to appear on a panel at a judicial conference at 9:15 a.m., and Cleveland Fed President Sandra Pianalto speaks at noon on the economy. San Francisco Fed President John Williams speaks at 4:40 p.m., after the closing bell. |
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