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Stock Market & Financial Investment News

News Breaks
December 12, 2012
12:55 EDTFed announces new securities purchases, monetary policy criteria
The Fed's Open Market Committee announced that it would buy $45B of "longer term" Treasury securities per month after its initial program of buying such securities expires at the end of December. Furthermore, the central bank will continue to reinvest principal payments from its current holdings into agency mortgage-backed securities. Moreover, the Fed will resume rolling over maturing Treasury securities at auction and continue buying $40B of additional mortgage backed securities per month. The Fed will continue buying securities if the employment outlook doesn't improve in coming months, the committee added. As expected, the Fed left the target range for the federal funds rate at 0%-0.25%. In a new step that had been discussed as a possibility but not necessarily expected by analysts, the central bank adopted monetary policy thresholds. The Fed anticipates that it will keep interest rates exceptionally low "at least as long as the unemployment rate remains above 6.5%, inflation one or two years in the future is projected to be no more than 0.5% above the Fed's 2% long-term goal, and longer-term inflation expectations remain well-anchored." The Fed had previously said that rates would remain exceptionally low through at least mid-2015. As far as the economy, the central bank stated that the economy continues to expand at a moderate pace, excluding weather events. Household spending has continued to increase, but business' investments have slowed, the Fed reported. As usual, one committee member, Jeffrey Lacker, voted against the Fed's action.
News For NOSYMBOL From The Last 14 Days
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December 3, 2014
07:31 EDTDallas Federal Reserve Bank President to speak on the economy in Texas
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07:30 EDTFutures quiet as investors prepare for jobs data
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07:30 EDTTreasury Market Outlook: Treasuries are a little lower
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07:29 EDTThe Brookings Institution hosts Fed Reserve Governor Brainard
The Hutchins Center on Fiscal and Monetary Policy at Brookings hosts Federal Reserve Governor Lael Brainard who speaks on financial stability in Washington, D.C. on December 3 at 2 pm. Webcast Link
07:28 EDTFederal Reserve Bank President of Philadelphia speaks on economic outlook
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07:27 EDTThe Cato Institute holds a discussion
The Cato Institute hosts Brandon Garrett, author of "Too Big To Jail: How Prosecutors Compromise with Corporations" who discusses what happens when the biggest businesses in the world are accused of committing crimes vs what should happen in a discussion being held in Washington, D.C. on December 3 at 12:15 pm. Webcast Link
07:26 EDTThe Heritage Foundation holds a discussion on tax reform
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07:24 EDTThe Brookings Institution to hold a discussion with U.S. Treasury Undersecretary
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07:23 EDTFDA Blood Products Advisory Committee to hold a meeting
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07:21 EDTUBS to hold a mini-conference
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07:20 EDTBarron's to hold a summit
Top Women Advisors Summit is being held in Palm Beach on December 3-4.
07:15 EDTDeutsche Bank to hold a conference
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06:55 EDTFX Update: The dollar clocked fresh trend highs
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06:53 EDTChina's services sector growth accelerated, Reuters reports
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06:50 EDTFX Update: The dollar clocked fresh trend highs
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06:45 EDTEuro zone's retail sales rebounded in October, Reuters reports
Retail sales in the euro zone increased 0.4% in October versus September, and 1.4% versus October 2013, the EU reported, according to Reuters. Economists had expected the bloc's retail sales to rise 0.6% month-over-month and 1.4% year-over-year, the news service stated. Reference Link
06:02 EDTOn The Fly: Morning Wrap-Up for December 3
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05:49 EDTDecember front month equity options last day to trade is December 19, 2014
04:00 EDTFX Action: USD-JPY has lifted above 119.30
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02:25 EDTFX Update: The dollar clocked fresh trend highs
FX Update: The dollar clocked fresh trend highs against the yen and the Aussie, and made advances against most other currencies. USD-JPY made a new seven-year high for the third consecutive day, this time at 119.44. There was no specific catalyst, though the backdrop of favourable dollar yields and political uncertainty into Japan's Dec-14 election continue to underpin the pair. AUD-USD, meanwhile, dropped to four-year lows under 0.8400 after Australian GDP slowed to a 0.3% pace in Q3, contrary to expectations for acceleration from the 0.5% clip in Q2. EUR-USD edged out a nine-day low at 1.2367, swinging the Nov-7 28-month low at 1.2358 back into scope.
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