Fed optimistic about US economy; pares securities purchases by another 10bn dollars

Thursday, May 1st 2014 - 06:58 UTC

Full article 2 comments

The Federal Reserve looked past a dismal reading on first quarter US growth and gave a mostly upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying stimulus. Latest information indicates that economic activity has picked up after having slowed sharply during the winter in part because of adverse weather conditions, the central bank said on Wednesday. Read full article

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ChrisR
The dollar is sliding against the pound. :o)
May 01st, 2014 - 03:57 pm - Link - Report abuse 0
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yankeeboy
It has been for awhile. I used to go to London for long weekends but that's out for a while! It just not worth the conversion.
May 02nd, 2014 - 12:16 pm - Link - Report abuse 0
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