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Originally posted by marg6043
Something is going on with the Markets today, some overnight push?, after the lows yesterday?
I have the feeling that manipulation is at its highest lately.
Now what the fed is suppose to be doing today?, ho, yeah interest rates.
In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4% and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period. As previously announced, to provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of up to $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt by the end of the year. In addition, the Federal Reserve is in the process of buying $300 billion of Treasury securities. To promote a smooth transition in markets as these purchases of Treasury securities are completed, the Committee has decided to gradually slow the pace of these transactions and anticipates that the full amount will be purchased by the end of October.
Originally posted by fromunclexcommunicate These Forex traders like to keep things moving.
Aug. 12 (Bloomberg) -- The Federal Reserve plans to slow the pace of its purchases of U.S. Treasuries as the recession eases, and signaled that the $300 billion program will end in October.
Reuters: German GDP rose unexpectedly by 0.3 percent in Q2, bringing an end to the country's deepest recession since World War II.
AFP: The French economy has rebounded with 0.3 percent gross domestic product growth in the second quarter.
Ms Largarde said that consumer spending and strong exports had helped to pull France out of recession.
"What we see is that consumption is holding up," she said.
Official figures showed that household consumption rose by 0.4% in the second quarter.
She said government incentive schemes for trading in old cars for new ones, together with falling prices, were helping consumers.
Foreign trade contributed 0.9% to the GDP figure - a "very strong impact," said Ms Largarde.