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With new message, Fed signals US economy still on track: analysts
AFP - The Federal Reserve held a key interest rate steady Wednesday and largely brushed off fears about a downward spiral in the US economy, but also appeared to step back from a threatened rate hike.
With new message, Fed signals US economy still on track
AFP - The Federal Reserve held a key interest rate steady Wednesday and largely brushed off fears about a downward spiral in the US economy while backing away from a threatened rate hike.
The Fed and inflation
FT.com - Is that the sound of a furiously backpedalling Federal Reserve? Less than two months ago the Fed was decidedly upbeat. While not quite sounding the all-clear on the US economy, it talked of signs of stabilisation in the housing market and improved readings on inflation. On Wednesday, it had a very different message on those twin threats. Its statement described the adjustment in the housing sector (a risk to economic growth) as "ongoing". And it said recent readings on inflation have been "somewhat elevated".
Nikkei index hits three-week high
FT.com - The Nikkei climbed to a three-week high on Thursday morning, buoyed by renewed optimism about the US economy.
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