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In surprise move, Federal Reserve to continue bond-buying program

The Federal Reserve on Wednesday left its $85 billion a month stimulus program in place, against broad expectations that it would reduce it as the economy grows. Fed policy makers instead cut their growth forecast for this year and next, suggesting the economy is feeling the impact of government spending…

Fed to enter tricky waters of U.S. rate forecasts

The US Federal Reserve enters uncharted waters at its policy meeting this week as it reveals individual policymakers’ views on the future path of interest rates. Fed-watchers generally expect the central bank will leave monetary policy essentially unchanged after the economy has recently shown some signs of an improving recovery…

Fed speaks again as weak indicators cloud outlook

WASHINGTON (AFP) – US Federal Reserve chairman Ben Bernanke is set to give his second-ever press conference Wednesday as signs of weakness in the world’s biggest economy cloud prospects for a stimulus reduction. The central bank’s Federal Open Market Committee (FOMC) on Tuesday debated an eventual exit strategy from the…

U.S. Fed set to gingerly lift foot off stimulus pedal

WASHINGTON (AFP) – The Federal Reserve appears ready to ease off the stimulus pedal that is pumping life into the US economy at a key meeting that opens Tuesday, despite signs of slowing growth. Most economists expect the Federal Open Market Committee will signal the Fed’s $600 billion asset purchase…

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