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The Complete Idiot’s Guide® To: Economic Indicators by Mark R. Rogers

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Part 6. Fed Watching: The Best for Last

Well, admit it. You’ve seen the Federal Reserve’s actions on monetary policy make huge headlines—but you didn’t quite understand. But now you can know what the financial gurus know—all in bite-size pieces. Who are the key Fed players and what is it the Fed actually changes in the financial markets? What are the key reports from the Fed? It’s all here.

And it gets better and better! The Wall Street whiz kids love to talk about how the financial markets give a thumbs-up or thumbs-down on Fed policy. They banter about “fed funds futures,” “yield curves,” and other exotic terms. But what do they mean? Here’s their dark secret: These things are easy to understand once you go through one easy step at a time! You ...

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