While you were sleeping Fed leaves markets wanting

Wed, 01 Aug 2012

By Margreet Dietz Aug 2 (BusinessDesk) - The Federal Reserve said that US economic activity had "decelerated somewhat" since its policymakers last met but failed to provide fresh clues on potential action to revive growth. "The Committee expects economic growth to remain moderate over coming quarters and then to pick up very gradually," policymakers said in a statement released at the end of their two-day meeting. "Consequently, the Committee anticipates that the unemployment rate will decline only slowly toward levels that it judges to be c...

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