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The Calendar
By Judy Feldman

(MONEY Magazine) – August

22 FEDERAL OPEN MARKET COMMITTEE MEETS. The Fed may raise rates once more this year, to counter energy-related inflation and the tight labor market, predicts David Ethridge of Standard & Poor's.

September

10 ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC) MEETS. All eyes will be watching for another production hike, says Steve Cochran of Economy.com. But don't hold your breath.

15 SUMMER OLYMPICS BEGIN IN SYDNEY. NBC forked over $705 million for broadcast rights, but because of the 12- to 15-hour time difference, U.S. audiences will watch the events on tape.

--JUDY FELDMAN