Economics

Fed, U.S. GDP, Jobs Data, BP, UBS: Week Ahead July 28-Aug. 2

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July 27 (Bloomberg) -- The U.S. Federal Open MarketCommittee releases its monetary policy statement as a pickup inthe world’s biggest economy sharpens debate over timing of thefirst benchmark interest-rate increase since 2006.

The U.S. economy probably expanded in the second quarter aspayrolls increased and the jobless rate held at 6.1 percent inJuly, separate reports in the coming week may show.