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Thursday, July 20, 2006

Ben Bernake Speech

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Ben Bernake (at Humphrey-Hawking Act Testimony)
As usual puts forward a text that is identical to the one presented yesterday.
The interesting Part will be the Q&A session where he might deviate or say something that was not said yesterday.
Yesterdays message was regarded as being dovish and signal an end of rate hikes within a near future. The Market reacted by sending stocks and bonds higher.

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