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Author Topic: Philippine Business: Fed ties rate pledge to a threshold as new stimulus set  (Read 790 times)

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Philippine Business: Fed ties rate pledge to a threshold as new stimulus set
« on: December 13, 2012, 12:00:44 PM »
Fed ties rate pledge to a threshold as new stimulus set

WASHINGTON - The U.S. Federal Reserve, announcing a new round of monetary stimulus, took the unprecedented step on Wednesday of indicating interest rates would remain near zero until unemployment falls to at least 6.5 percent.

Source: Fed ties rate pledge to a threshold as new stimulus set

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