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[sludgehound]

Get ready for 48 hours of economic fury

http://www.marketwatch.com/story/get-ready-for-48-hours-of-economic-fury-2014-07-27

WASHINGTON (MarketWatch) — Get ready for 48 hours — and a little more — of the most intense outpouring of information on the U.S. economy you’re likely to ever see.

The schedule between Wednesday and Friday includes second-quarter GDP, a Federal Reserve decision, July payrolls, the July Institute for Supply Management manufacturing report and July car sales.

Yes, we mean “includes,” because there are eight other scheduled releases as well.

So if you’re going to focus on just one number...

“It’s got to be the unemployment rate,” said Joel Naroff, president of Naroff Economic Advisers in Philadelphia. He says there’s a slight chance that the unemployment rate could fall below 6% — “which means, by the end of this year, we’ll be sitting on top of full employment.” The unemployment rate, at 6.1% in June, has fallen from a peak of 10% after the recession.
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