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via MacroScope

For the Fed, a healthy fear of déjà vu

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Haven’t we seen this movie before? U.S. jobs growth is finding its stride, the unemployment rate is easing, stocks are soaring, and, just this morning, a surprise jump in the all-important retail sales figure. And all this rosy economic data with the spring fast approaching.

It’s almost enough to make one forget what happened in the summer of 2012. And 2011. Oh, and 2010.

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