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News of the judges' ruling by 6-4 led to celebrations among left-of centre parties in Santiago.
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BBC News - World 21-08-2017 22:13
The US president is expected to outline a more aggressive US counter-terrorism policy in the region.
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"Too early" to tell if woman's remains are those of missing Swedish journalist Kim Wall, police say.
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The inquiry will look at "all related accidents at sea", US Defence Secretary James Mattis says.


Johnson & Johnson faces $417m payout in latest talc case
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BBC News - Business 21-08-2017 21:49
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BBC News - Business 21-08-2017 18:26
The number of properties little bigger than a budget hotel room has soared, says Which?
Cambridge University Press reverses China censorship move
BBC News - Business 21-08-2017 16:51
Cambridge University Press restores access to sensitive China stories after academics protest.
China's Great Wall eyes Fiat Chrysler bid
BBC News - Business 21-08-2017 16:39
The Chinese SUV maker says it is interested in buying the Jeep owner, but no approach has been made.
VW to relaunch Kombi van as electric vehicle
BBC News - Business 21-08-2017 11:05
The famous van is set to return in modern electric form, five years after production finally ended.


In News
Written by  Thursday, 24 May 2012 08:53

The Federal Open Market Committee (FOMC) of the Fed released its latest policy statement on Wednesday ahead of Chairman Ben Bernanke’s widely anticipated and expected press conference, scheduled for 2:15 PM eastern time.  In its statement, FOMC members blamed Japan and high commodities for the current slowdown in the economic recovery, telling people those effects would prove to be transitory.  QE2, as expected, will end with June.

The FOMC statement was bland - Wikipedia

Expectant market watchers looked to the Fed release for signs that anything would change, that Bernanke might signal something new this time around.  While the FOMC release appeared little changed, it was relevant that the Committee confirmed that the economic  recovery “is continuing at a moderate pace,” albeit “somewhat more slowly” than expected.

Pointing its fingers to the rest of the world, Bernanke’s Fed said that the current “soft patch” is being caused by transitory effects.  Inflation, they said, was caused by high commodity prices pushing up energy and food costs, while supply-chain disruptions in Japan were in the process of being solved.

On quantitative easing, the FOMC said they would conclude the latest $600 billion plan of long-term asset purchases, or QE2, and said it would continue to reinvest the principal payments from its securities holdings; interest rates would remain at the 0% to 0.25% range for “an extended period.”

While not hinting at QE3, they did reiterate that the Fed would continue to monitor “the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.”  Market watchers will have to wait for the Q&A at the press conference for any further hints that Bernanke might continue to feed the markets with easy money.

Just wait and see, they asked the general public, telling them that as time passes, both unemployment and output would move back to levels at or around those consistent with their dual mandate of price stability and maximum employment.

Read 880 times Last modified on Friday, 24 April 2015 10:34
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