The Federal Reserve has telegraphed that it will soon take the first steps in paring back its extraordinary monetary stimulus to the economy, but Fed officials are split on exactly when to start that process.
For many of the 18 policymakers on the central bank’s Federal Open Market Committee, it could all come down to a single point of data due this week.
“A non-committal Fed puts the focus squarely on Friday’s jobs report,” ING Economics wrote Tuesday.
The August jobs report, to be…
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