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Wednesday, November 2, 2011

Fed revised down economic growth next year

Fed revised down economic growth next year U.S. Federal Reserve Board (Fed) 2 Kusakabe revised forecast economic growth next year and raise the unemployment rate forecast, but the interest rates on hold, has not introduced a new monetary easing measures. However, Fed Chairman Ben Bernanke said the acquisition of additional mortgage-backed securities (MBS) is a "viable option." Federal Open Market Committee (FOMC) by nine votes to one, decided to maintain the current policy remains unchanged, only one ...Fed revised down economic growth next year

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