Industrial Production Dips 1.2% in August; Macro Pressures Curb Durables Orders
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Industrial Production falls 1.2% versus the consensus of 0.0%
September 14, 2012 9:15 AM EDTIndustrial Production falls 1.2%... More
Open-Ended QE3 Spikes Market
September 13, 2012 12:53 PM EDTBen Bernanke and Co. delivered on promises of QE3 Thursday afternoon, announcing a new opened-ended bond buying program and a continuation of 'Operation Twist'.
To spur growth, the FOMC said it will purchase additional agency mortgage-backed securities at a pace of $40 billion per month. This is in effect new money printing. There was no timetable given on when this new bond-buying... More
