Category Archives: Economy

Federal Reserve Cuts Stimulus As Expected

By Jonathan Spicer and Jason Lange WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday announced a further $10 billion reduction in its monthly bond purchases as it stuck to a plan to wind down its extraordinary stimulus despite recent turmoil in emerging markets. Fed Chairman Ben Bernanke, who hands the central bank's reins to…
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Senate Close To Ending Shutdown And Increasing Debt Ceiling

It looks like the Senate leaders are finally getting close to ending the two week long government shut down and once again increasing the nations debt ceiling.  While the government shutdown has only affected about 15% of the operating government programs, it's put a big black eye on bickering members of the Senate.  The media…
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Bernanke Announces QE3 In A Big Way

Ben Bernanke announced today that QE3 (Quantitative Easing 3) would be an open-ended round of buying mortgage securities and keeping rates between 0% and 0.25% through mid-2015. This move is the biggest and boldest of all the easing the committee has done yet. Unlike QE1 and QE2 where there were limits set to how much…
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August Jobs Report Worse Than Expected

One headline for the August jobs report today read, "US economy added 96,000 jobs in August and the unemployment rate fell to 8.1%". Well that sounds pretty good, until you look deeper into the numbers to see what it really meant. Economists were expecting 125,000 new jobs in August which would have been much better.…
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