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Take Five: The great Fed conundrum

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(Reuters) – 1/TALKING TAPER The U.S. Fed meets on Tuesday and Wednesday and looks set to debate when and how to kick off a bond taper, even as a surging Delta variant caseload revives economic risks from a pandemic many policymakers had hoped was drawing to a close. In June, officials launched the discussion over when to start cutting monthly purchases of $120 billion of Treasuries and mortgage-backed securities – it’s unlikely they will put that on ice even though the rate of new daily U.S. infections has doubled since. The Delta surge is too new to show up in data, but figures reflect a grow…

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