Yesterday we had the first meeting of Janet Yellen as the new governor of the Fed. As expected interest rates have remained unchanged, while the quantitative easing plan has been reduced to $ 55 billion. The yesterday news was the revision of the forward guidance, in practice, the Fed will not only consider the unemployment rate to decide the start of monetary normalization in the U.S., but a " broad spectrum " of factors.
They then lowered estimates of the GDP 2014 to 3 % from 3.2% . The unempl…
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