While you were sleeping: Fed stimulus bets on the rise

Thu, 14 Jun 2012

By Margreet Dietz June 15 (BusinessDesk) - The latest US economic data fuelled hope the Federal Reserve might soon, as early as next week, assist in rekindling the pace of recovery as new claims for state jobless benefits unexpectedly increased for the fifth time in six weeks, while consumer prices dropped in May in the biggest fall since December 2008. “People are betting on quantitative easing at the next meeting,” Sebastien Galy, a senior foreign-exchange strategist at Societe Generale in London, told Bloomberg News. “People are betting on...

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