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Federal Open Market Committee hawks have dominated the conversation in recent weeks, but later this week the bank's chief advisory panel will release a report from its most recent meeting, signalling its broader intentions. P/>"We see two things to watch for: hints of concern that inflation is too low and confirmation that the Fed has the flexibility to increase as well as reduce the pace of QE," Ethan Harris, co-head of Global Economics Research, wrote in a note. "Note that the FOMC minutes also are released and they tend to be a platform for the non-voting hawks to protest against the directive."
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