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Is the Fed Ready to Act?

posted by sassygirl 625 days ago in USD made popular 625 days ago

Depending on how you read it, it seems as though Fed Chairman Ben Bernanke's speech last week laid out a plan for the Fed to take further action to shore up the recovery if growth forecasts continue to fall.

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Slower Growth After a Surprisingly Strong Recovery

posted by sassygirl 626 days ago in CHF made popular 626 days ago

In 2011, Switzerland's economic growth is set to slow from its recent very dynamic pace. Credit Suisse economists attribute this to the fact that global fiscal packages are gradually nearing an end, and that monetary policy is increasingly reachi

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Germany's Merkel praises extending nuclear energy

posted by sassygirl 628 days ago in EUR made popular 628 days ago

Chancellor Angela Merkel on Monday touted her government's decision to put off shutdown of the country's nuclear power plants by an average 12 years as "revolution of the energy supply" in Europe's largest economy.

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Friday’s Jobs Report May Keep Mood Subdued

posted by sassygirl 631 days ago in USD, Employment

The major U.S. index futures are pointing to a slightly higher opening on Thursday, with sentiment reflecting tentativeness among traders despite the release of a report showing a modest decline in first time claims for unemployment benefits.

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Swiss Inflation Slowed Fourth Straight Month in August

posted by sassygirl 632 days ago in CHF, Inflation made popular 631 days ago

Swiss inflation slowed for a fourth straight month in August, giving the central bank room to keep borrowing costs near zero.

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UK manufacturing growth slows to weakest

posted by sassygirl 633 days ago in GBP, Manufacturing

A gauge based on a survey of companies by Markit Economics and the Chartered Institute of Purchasing and Supply fell to 54.3 from a revised 56.9 in July, London-based Markit said today.

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US jobless claims rise as factories slump

posted by sassygirl 646 days ago in USD, Employment

Claims for US jobless benefits jumped to the highest level since November and Philadelphia-area manufacturing shrank for the first time in a year, indicating the economy may be slowing faster than forecast.

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Bank of England predicts unsteady economic recovery

posted by sassygirl 654 days ago in USD, CHF, Inflation made popular 653 days ago

The head of the Bank of England says economic recovery will be choppy, and lowered the forecast for Britain's economic growth. Inflation is expected to remain higher than previously forecast until the end of 2011. World markets dipped on the ne

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Gold awaits US data, eyes higher finish

posted by sassygirl 660 days ago in USD, Gold made popular 660 days ago

Gold prices advanced towards its biggest weekly gains in two months as traders await a key US data for more clues.

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ECB considers rates against brighter backdrop

posted by sassygirl 661 days ago in EUR, Inflation made popular 661 days ago

The European Central Bank faces the cheeriest economic backdrop in a long time as it meets Thursday to set interest rates for the 16-nation eurozone - but it still is expected to keep the cost of borrowing at a record low for a while yet.

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Home prices drop after 17 months of gains

posted by sassygirl 667 days ago in AUD, Housing made popular 667 days ago

National city home prices fell for the first time in 18 months in June, as rising interest rates sent auction clearance rates lower.

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U.S. Economic Recovery Slow, Further Stimulus Needed

posted by sassygirl 667 days ago in USD made popular 667 days ago

The U.S. economic recovery has been slow and the outlook remains uncertain with rising downside risks, which warrants further policy stimulus to keep recovery on track, the International Monetary Fund (IMF) said Friday.

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