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All eyes on Fed as fresh stimulus expected

WASHINGTON – The Federal Reserve is expected to announce a fresh round of bond buying on Wednesday as part of its efforts to support a fragile economic recovery threatened by political wrangling over the government’s budget.

Financial Post | Business

WASHINGTON – The Federal Reserve is expected to announce a fresh round of bond buying on Wednesday as part of its efforts to support a fragile economic recovery threatened by political wrangling over the government’s budget.

[np_storybar title=”Goldman’s top economist explains his big call for the U.S. economy” link=”http://business.financialpost.com/2012/12/11/goldmans-top-economist-explains-his-big-call-for-the-u-s-economy/”]
In a recent report, Goldman’s top economist Jan Hatzius predicted that finally, the U.S. would see a real growth acceleration in the second half of 2013.

Read the full story.
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The central bank looks certain both to extend its purchases of mortgage-backed debt and replace another expiring stimulus program with a new bout of money creation.

Policymakers are also likely to repeat a pledge to keep buying bonds until the labour market outlook improves substantially. A drop in the jobless rate to 7.7% in November from 7.9% in October was driven by workers exiting the labor force, a fact certain…

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About Nicholas Maithya

I am a writer focussing on disruptive technology, Fintech, Big Data and Internet of Things, Online Marketing trends, and investments. When I am not writing about these, I am probably in the gym working out, out and about with family, watching the news (basically business/technology) or soccer. That's why I do sometimes cover soccer-related stories.

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