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That saw some banks push back forecasts for when the Fedwould begin tapering its $85 billion-a-month bond buying,although half of the 18 primary dealers in a Reuters poll stillexpect it to start next month.
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Swonk said she expects the tapering to be a relatively small amount. "It will be focused on Treasurys. I think they're going to do it gradually. What's interesting is this September move. The reason it's important is it gives you two meetings to set up a course that has some momentum no matter who takes over at the Fed," she said.
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It's a point well taken. Everyone knows someone at work who's just getting by, doing the minimum necessary to keep the paychecks coming. However, just as someone is unlikely to buy a product or service from someone who does not impress them, if you don't go the extra mile at work, you'll lose out on opportunities to advance.
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Setting the stage for Friday's Mercosur session, SouthAmerican leaders rallied in support of Bolivian President EvoMorales last week after he was denied access to the airspace ofseveral European countries on suspicion the 30-year-old Snowdenmight be on board.