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Wednesday, May 2, 2012

Monetary

News                                                                                                                             
Market Watch | Fed members show reluctance to do more QE
Several Federal Reserve officials expressed reluctance on Tuesday to buy more assets, a strategy known as quantitative easing, to help the economy.
WSJ | Australia Rate Cut Signals a Shift
Australia's slowing economy got a shot in the arm Tuesday when the central bank cut a half-percentage point from official interest rates, signaling a shift in its focus away from fighting inflation and toward safeguarding growth amid an uncertain global outlook.
Politico | The yuan a top concern for U.S.
Treasury Secretary Timothy Geithner and Secretary of State Hillary Clinton head to China on Thursday for another round of negotiations about the economy and security — but don’t expect too much to be done about the exchange rate.