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Wednesday, July 19, 2006

Explaining the Problems, talks going in Market

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Market talks, Explaining the Problems

After high-than-expected core CPI, driven mainly by shelter costs, FEDs Dilemma remains acute, as BNP mentions.
Inflation risks remain, but downard risks to growth are on the rise.
The Fed wants to stop, as BNP said in an E-mail note, but now its up to Bernake - who speaks in five minutes - to "clearly explain to markets" the problems the Fed is currently facing and so help ease the Feds Dilemma

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