Yeah, and there’s also a flaw in the ointment

August 14th, 2008
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“Unacceptably high headline inflation has heightened the FOMC’s concerns about inflation, but continuing strains in the financial markets and evidence of spreading economic softness will force the FOMC to toe a fine line between the two risks,” David Resler, chief economist at Nomura Securities, wrote in a note to clients Monday.
No exclamation needed.
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