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Wednesday's move by the Fed to begin tapering was accompanied by a deliberately mixed bag of contradictory statements and forecasts designed to sooth the market without actually changing much of anything, although the stock market bought into the Fed'
When the Federal Reserve first started talking about cutting its massive stimulus earlier this year, emerging-market currencies went into a tailspin...Throughout the summer, while U.S. equities held relatively steady, riskier foreign markets were
The Federal Reserve surprised the markets on Wednesday when it announced the tapering of its stimulative quantitative easing program. All but one of the members of the Federal Open Market Committee voted in favor of the move. The lone dissenter:
Metro jobless rate inches up to 6.7% in November Unemployment in metro Fort Wayne inched up a tad to 6.7 percent in November, compared to 6.6 percent a month earlier, state figures show. Today 10:47 am S&P strips EU of its top AAA credit rating The
The US Commerce Department said Friday that after it obtained "more complete source data," it has revised its estimate of third-quarter (July through
Gold futures prices are on track for a 29% loss in 2013, their first yearly loss in 13 years. MarketWatch) The year 2013 put the brakes on a 13-year run in gold prices, and its prospects for recovery next year don't look great. The metal is preparing
Globe editors have posted this research report with permission of Russell Investments. This should not be construed as an endorsement of the report's recommendations...The following is excerpted from the report: Expectations for 2014: Equities to
Global equity markets were completely hammered in the summer of 2013 after Ben Bernanke, chairman of the Fed, first signalled 'tapering' in light of better than expected economic data. However, continued upside momentum, especially in housing data
This Man Could Soon Be One of the Most Powerful in the World...Stanley Fischer is among the top names being cited as potential candidates for vice chairman of the Federal Reserve. With a long history of both academic and central banking knowledge,
Yet as the chart here reveals, the reaction to the Fed's decision was a rapid and precipitous drop first , followed by a large rally, when Bernanke dropped the far more important shoe: interest rates would remain near zero for the foreseeable future.