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Wall Street Breakfast: Must-Know News
Wall Street Breakfast - 1 Page Daily Business News Summary SeekingAlpha
Thu, 28 Apr 2011
Bernanke navigates first presser. Ben Bernanke avoided any serious gaffes at the first ever post-FOMC press conference by a Fed Chairman. Bernanke said rates would stay at 0-0.25% for another "couple of meetings" at least. He also expects the end of QE2 in June to have little impact on markets. The ...
Lower unemployment claims, a convergence with ADP data trends, and milder seasonal adjustment factors could modestly boost July's BLS job data above consensus, say Morningstar's Bob Johnson and Vishnu Lekraj.
Northern Trust's Mark Carlson, State Street's Chris Goolgasian, and Merk Investments' Axel Merk discuss ways investors can hedge against rising inflation concerns, including the potential usage of commodities, gold, and TIPS, the effects of Fed action, and more.
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