LATEST NEWS : Fed Weighs Change to Rate Guidance for Added Flexibility

Federal Reserve officials are considering whether to alter their guidance on the likely path of interest rates to give them more flexibility to react to changes in the economy. The Fed has said since March that its benchmark rate would stay low for a “considerable time” after it completes monthly bond buying intended to boost […]

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LATEST NEWS : Ferguson Police Use Tear Gas, Stun Grenades in Clashes

Police fired stun grenades and tear gas at protesters in a St. Louis suburb rocked by violence after police shot and killed an unarmed black teen 10 days ago. continue reading at bloomberg.com

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LATEST NEWS : EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says

The European Commission signaled it will try to impose rules on virtual currencies such as Bitcoin after the bloc’s banking regulator ordered lenders to shun them. “It’s imperative to move quickly on this issue,” Chantal Hughes, a spokeswoman for Financial Services Commissioner Michel Barnier, said by e-mail today. “The potential for money laundering and terrorist financing is too serious […]

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LATEST NEWS : Fed Decision Day Guide From Dot Plots To Exit Strategy

Here’s what to look for when the Federal Open Market Committee releases its policy statement at 2 p.m. today inWashington along with new economic projections. Federal Reserve Chair Janet Yellen plans to give a press conference at 2:30 p.m. continue reading at bloomberg.com

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Yellen Leads Fed Damned Every Way by Emerging Market Angst

Janet Yellen is discovering that when it comes to providing monetary stimulus, theFederal Reserve is damned byemerging markets when it does and damned when it doesn’t. Sixteen months after she used a Tokyo gathering of global policy makers to defend her institution against criticism it was purchasing too many assets, Fed Chair Yellen attends this week’s Group of […]

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Kazakhstan Devalues Amid Outflows From Emerging Markets

Kazakhstan’s central bank devalued the tenge by the most since 2009 as reduced bond buying by the U.S. Federal Reserve sparks capital outflows from emerging markets and the currency of its main trading partner weakens. continue reading at bloomberg.com

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Bernanke’s Unprecedented Rescue Unlikely to Be Repeated

As Federal Reserve Chairman Ben S. Bernanke shuts the door to his office for a final time in two days, he can say he took actions that were the first or the biggest of their kind in the central bank’s 100-year history. Some will probably also be the last. Bernanke was the first to devise a monetary […]

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Bernanke Says QE Works While Posing No Immediate Bubble Risk

Federal Reserve Chairman Ben S. Bernanke defended quantitative easing, saying it has helped the economy and shows no immediate sign of creating a bubble in asset prices. “We don’t think that financial stability concerns should at this point detract from the need for monetary policy accommodation which we are continuing to provide,” he said today in Washingtonat a […]

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House Unveils $1.01 Trillion Measure to Fund Government

“House and Senate appropriators agreed to a $1.01 trillion bipartisan bill to fund the U.S. government through Sept. 30, unveiling the measure days before funding for federal agencies is scheduled to lapse. The legislation, announced by lawmakers including House Appropriations Committee Chairman Hal Rogers, a Kentucky Republican, and Senate Appropriations Chairman Barbara Mikulski, a Maryland […]

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World Bank Sees Record Demand for Political Risk Insurance

Investors’ demand for insurance against political risk is on track to match last year’s record as instability persists in the Middle East and disputes in Latin America erode confidence, the World Bank said. Investment insurance for developing economies by a group of the main public, private and multilateral providers reached $45 billion by mid-2013, according to the bank’s Multilateral Investment Guarantee […]

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