FEDERAL RESERVE

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Fed sees fairly high bar for stopping bond buys

The Federal Reserve felt at its December meeting that the U.S. economy still needed help despite signs of strength, according to minutes released on Tuesday that showed little appetite to trim bond-buying plans.

Fed: Economy still weak despite improvements

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Federal Reserve officials in December felt the U.S. economic recovery was still weak enough to warrant monetary support despite growing signs of strength, Fed meeting minutes released on Tuesday showed.
Chairman of the Federal Reserve Ben Bernanke delivers opening remarks at a Federal Reserve System symposium in Arlington, Virginia

What IHS predicts for US economy in 2011

The U.S. economy is on course to a self-sustaining recovery in 2011, aided by the private sector’s return to health and a further injection of fiscal stimulus, IHS Global Insight has said.
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Bond market seen firm as year-end approaches

U.S. Treasuries debt prices should stay firm into year-end, following a strong seven-year note auction on Wednesday, as investors square books ahead of year-end and prepare for Federal Reserve purchases next week.
AIG president Robert Benmosche

AIG shares rise on new credit facilities

Shares of American International Group Inc. (NYSE: AIG) are soundly higher this morning after the company said it entered bank credit facilities totaling $3-billion.
Consumer watchdog protests online GST proposal

US consumers earned and spent more in November: Report

Personal income and expenditure in the U.S. rose for the fifth month during November, according to a report by the U.S. Commerce Department, indicating that the average consumer is growing more confident about the economic recovery and their financial situation.
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The smart investment choice in 2011 will be Gold

When the return on savings is less than the rate of inflation it doesn't matter that gold doesn't provide you with an income. Tightly supplied and indestructible, it offers a natural and obvious alternative to cash. Inflation expectations are rising as 2011 begins.
Traders work on the floor of the New York Stock Exchange

U.S. stocks poised to soar: Garzarelli

This is the best time in decades to buy U.S. stocks, according to Elaine Garzarelli, the analyst who became famous by correctly predicting the stock market crash of October 1987.
Median housing prices decline

Existing home sales rose during November

Existing home sales in the U.S. picked up again in November, after a surprising drop during October, according to a report by the National Association of Realtors.
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Gold Bullion Flows to China Jump as New Year 2011 Draws Near

A senior bullion logistics executive in Switzerland yesterday told BullionVault that shipments of Gold Bullion to China are running much higher – and have begun much earlier – to meet consumer demand for the Chinese New Year, which will start on 3rd Feb. 2011.

What IHS predicts for global economy in 2011

Contrary to the prevailing view, the U.S. economy will gain growth momentum in the year ahead, while GDP will grow stronger in Europe and Japan, research firm IHS Global Insight has said in its forecast for 2011.
U.S. Federal Reserve Chairman Ben Bernanke is pictured at the financial stability oversight council meeting at the Treasury Department in Washington

You don’t need QE2 now: Sargen

Economic evidence today suggests that we don't need QE2, said Nicholas Sargen, chief investment officer at Fort Washington Advisors.
NY Traders.

Stocks boosted by Chesapeake, financials

The stock market is up slightly as Chesapeake Energy (NYSE:CHK) jumped 8.41 percent and financial stocks rose broadly. However enthusiasm was tempered by the downgrade of American Express (NYSE:AXP).
An American Express sign is seen on a restaurant door in New York

AmEx plunging on analyst downgrade

Shares of American Express Co. (NYSE: AXP) are tumbling after an analyst at Stifel Nicolaus downgraded the companies because of potential negative impact of pending government regulations.

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