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Mixed Data Will Have Little Impact on Fed Taper

As inflation, production, and housing statistics waffled this week, the Fed will maintain a long-term measured view and continue rolling up bond purchases.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. We got a few new pieces of economic data this week to see if the economy is shaking off its winter blues. I'm here with Bob Johnson, our director of economic analysis, for his take. Bob, thanks for joining me.

Bob Johnson: Great to be here today.