Provides a solid Asia Special Situations Porfolio, Stock Market News, Stock Gurus News, Business Analysis and some fun here.
Wednesday, August 4, 2010
US: Fed may pass on more stimulus amid signs of weakness
Federal Reserve policy makers signaled they will probably pass on providing more stimulus at their 10 Aug meeting and wait to see if signs of a weaker economic growth persists. Chairman Ben S. Bernanke told lawmakers that consumer spending is “likely to pick up” amid a “moderate” expansion.