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Market action reinforces need for policy patience

  • Author:Jack Zou
  • Source:www.diecastingpartsupplier.com
  • Release on:2014-10-20
The recent volatility in financial markets reinforces the need for the Federal Reserve to be patient
with its policy stimulus and to clearly tie an eventual interest-rate rise to improving economic

The key, he said, will be identifying any weakness in broader U.S. inflation and workers' wages, and
not simply reacting to turbulence in markets like inflation-protected Treasuries, known as the TIPS
breakeven rate.