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’Fed watch – primary credit loans
Released by the US central bank on Tuesday:
In light of the continued improvement in financial market conditions, the Federal Reserve Board on Tuesday announced that it approved a reduction in the maximum maturity of primary credit loans at the discount window for depository institutions to 28 days from 90 days effective January 14,
The S&P is heading for 800
That’s the message from Bob Janjuah, RBS’s Chief Markets Strategist in his latest missive titled “Happy Christmas, Cold Turkey Time”:
We said in late Aug that S&P would get to 1100/1120 by end Oct/early Nov.
This year’s Halloween favourites
This Saturday is Halloween. If you’re in finance and fancy making an ironic statement — or just want to deflect from being part of ye most hated of trade guilds — then perhaps you might consider some of the following outfits we at FT Alphaville have cherry-picked as favourites for this year’s festivities.
Ben sets Asia straight – or does he?
The wheels of diplomacy were nicely oiled on Ben Bernanke’s trolley at the US-Asian economic gabfest hosted by the San Francisco Fed in Santa Barbara on Monday.
In a carefully-crafted rundown on Asia and the global financial crisis,