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European Unemployment and Fed Reserve

August 5, 201312 min
European Unemployment and Moderate vs Modest - The Guide Rock Capital Weekly Market Commentary Aug 5 - FT037

You say to-may-to. I say to-mah-to.

You have to be a careful reader to keep up with the Federal Reserve these days. Last week, the Fed re-characterized the pace of economic growth in the United States from ‘moderate’ to ‘modest.’ According to Wall Street Journal blog, Real Time Economics, “economic data show that ‘modest’ is a touch weaker than ‘moderate.’” No matter how you parse the difference, it was enough to prevent the Fed from beginning to normalize monetary policy by cutting back on bond buying.

Full show notes and disclosures at http://theAverageGuy.tv/ft037

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