Tag Archives: FOMC

Plosser Says QE3 Will Have Meager Benefits, Fed Prepared To Act If Euro Crisis Escalates

The President of the Federal Reserve Bank of Philadelphia expressed serious doubts on the effectiveness of QE3 yesterday. Plosser, who is not a voting member of the Fed this year, said that economic research indicates additional asset purchases "are unlikely to reduce long-term interest rates by a significant amount" and added that "lowering rates by a few more basis points won’t spur growth...

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September 27, 2012 @ 7:47 pm

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Plosser Says QE3 Will Have Meager Benefits, Fed Prepared To Act If Euro Crisis Escalates

The President of the Federal Reserve Bank of Philadelphia expressed serious doubts on the effectiveness of QE3 yesterday. Plosser, who is not a voting member of the Fed this year, said that economic research indicates additional asset purchases "are unlikely to reduce long-term interest rates by a significant amount" and added that "lowering rates by a few more basis points won’t spur growth...

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September 27, 2012 @ 7:47 pm

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Markets Continue Post QEX Rally for Second Day – EUR/JPY +280 Pips

Almost 24 hours after the FOMC's latest monetary policy decision, QEX, markets continue their risk on rally. In the forex market, the biggest winner among the majors today was the EUR/JPY. The pair is up 189 pips today, after opening the day at 100.63 its trading at 102.52 at the moment. The EUR/JPY was trading at 99.72 before the Fed's QEX decision, the pair is up 280 pips in less then a day...

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September 14, 2012 @ 5:51 pm

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Markets Continue Post QEX Rally for Second Day – EUR/JPY +280 Pips

Almost 24 hours after the FOMC's latest monetary policy decision, QEX, markets continue their risk on rally. In the forex market, the biggest winner among the majors today was the EUR/JPY. The pair is up 189 pips today, after opening the day at 100.63 its trading at 102.52 at the moment. The EUR/JPY was trading at 99.72 before the Fed's QEX decision, the pair is up 280 pips in less then a day...

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September 14, 2012 @ 5:51 pm

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