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Fed QE3 is moving closer
Recent communication from the inner circle of the Federal Open Market Committee (FOMC) has indicated that the Fed stands ready to provide additional monetary easing if growth should disappoint. This includes comments from NY Fed president William Dudley last week stating that so far he had not made material changes to his economic forecast but that he could ‘imagine material data on a number of dimensions could become available in the coming weeks and months that could lead me to adjust my forecast further’ and further said that he ‘will be paying particularly close attention to whether domestic momentum and ... (full story)
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