WASHINGTON (MarketWatch)
A majority of the Federal Reserve's 12 districts
reported either slowing or contracting manufacturing, as concerns about the
fiscal cliff clouded the outlook for factory owners, according to the latest
Beige Book report on current economic conditions released on
Wednesday
The
extent of weakness in manufacturing is unexpected
The report said overall
activity expanded at a measured pace
Hurricane Sandy led to weaker conditions
in New York but there were expectations of a rebound due to rebuilding
Labor
market conditions only improved modestly
Welcome
José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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WASHINGTON (MarketWatch)
The Federal Reserve will expand its bond purchase plan to add Treasury purchases at its meeting next month, according to a report by the Wall Street Journal. The Fed will continue with Treasury purchases that are now part of the Operation Twist program that is set to expire on Dec. 31, the report said. The Fed will meet on Dec. 11 and 12. The Fed might deviate the size of the purchases, now set at $45 billion, the report said. "A decision not to continue buying long-term Treasurys when Twist expires would be a surprise to markets and that would be counterproductive," John Williams, president of the San Francisco Fed, said according to the report. "It would push long-term rates up and cause financial conditions to be a little less supportive of growth."
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