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Shutdown Likely To Prolong Fed's Stimulus

Monday, October 14, 2013 - 8:54 PM
From The Wall Street Journal

     "The government shutdown and debt-ceiling fight are clouding the outlook
      for the global economy and markets, but they are bringing clarity to
      one area: The Federal Reserve is now likely to keep its foot on the
      monetary gas pedal even longer to offset damage from the standoff.
      [...]
      In the latest Wall Street Journal survey of economists none of the 46
      respondents expected the Fed to announce a change to its bond purchases
      at its Oct. 29-30 meeting. In the survey a month earlier, two-thirds
      had expected at least some reduction in September or October.

Translation: The beatings will continue until moral improves; ie.,
continued low rates on deposit accounts.

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cumuluscumulus358 posts since
Jan 16, 2010
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