Doves will Cry at these Charts

The doves at the Fed should be stressed at this charts below. This is in reference to the song "When Doves Cry", which merits no intro. Today's release of 326K in US jobless claims (lowest since Jan 2008) and the 55.4 reading in July manufacturing ISM (2-year high) must both be added to the 6 reasons the Fed should taper asset purchases in September, published in yesterday's piece. Here is on the ECB's forwad guidance and where the BoE will follow.  Full article and chart

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