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What does this say about the Federal Reserve's hopes to start pulling its added liquidity out of the markets, either by raising short-term rates or just getting out of buying bonds, which has been keeping long rates low? I think the Fed's statements suggest that they really...
Because they might have to restart the buying program later? Yes. I think the Fed wonders about this as well. But you have to understand that the Fed's probably under political pressure - such as the hearings for new regulation of the Fed, the growing public unease about the supersized...
Yet alienating the less impassioned Republicans who don't come out for straw polls - especially in a state with Florida's centrist and independent streak - is also risky. Crist knows they vote in primaries. They helped give him a landslide victory in the 2006 gubernatorial primary against a more conservative...
A good illustration of that: right now there are two main schools of thought on the direction the economy will take in 2010, and they couldn't be more dissimilar. J.P Morgan Chase's chief U.S. equity strategist Thomas Lee is an advocate of the more optimistic outlook. He sees...
At 8:30 on the morning of the first Friday in December, the Bureau of Labor Statistics (BLS) reported that the unemployment rate had fallen to 10% in November from 10.2% the month before. Hooray! Headlines heralded the unexpected drop. Stock prices surged. Enthused White House press secretary Robert Gibbs...