Fed is about to lose face if tapers in October

Note: This section contains information in English only.
Source: Reuters
© Scanpix/RS

The Federal Reserve is considered to lose face, if decides to taper in October after its unexpected decision in mid-September, yet experts consider stimulus cut plausible. Alongside investors' ambiguity around the Fed asset purchasing program, the central bank's promise of close-to-zero rates may harm confidence in future economic growth and hurt economic activity today.

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Thu, 26 Sep 2013 15:00:04 GMT

U.S. pending sales of existing homes declined 1.6% in August

Less contracts for previously owned houses were signed in August, adding to the case of slowing housing market momentum due to increasing mortgage rates. The pending home sales index dropped 1.6%, while economists had expected 1% reduction. The average rate of a fixed mortgage for 30 years was 4.58% as of August 22, the highest level since July 2011.

Thu, 26 Sep 2013 14:27:05 GMT

US equities trade higher after jobs and GDP data

Wall street is expected to open a bit higher as jobless claims fell unexpectedly, however, uncertainty poured onto trader sentiment as discussion about U.S. debt ceiling became hot topic. The initial jobless claimed dropped by 5,000 to 305,000, overcoming the expected reading of 325,000.The S&P 500 futures added 0.2% to 1,689 as of 8:58 a.m. EDT.

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