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Thursday, June 29, 2006

World Cup Pauses; Fed Probably Won't

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Whatever the Fed rate decision is when it comes in 15 minutes, there can be no doubt as to how good the Fed's timing is. After all, the U.S. central bank managed to deliver its rate decision on one of the few days between June 9-July 9 that no World Cup games are taking place. Indeed, the Fed has squeezed its entire two-day meeting between the second round and the quarter-finals of the tournament. Is Bernanke a secret soccer fan?

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