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Thursday, October 31, 2013

Monetary

News                                                                                                                             
CNN Money | Federal Reserve prolongs stimulus
There's still no end in sight for the Federal Reserve's stimulus program -- known as quantitative easing -- after the central bank met this week and decided to continue buying $85 billion in bonds each month.
Bloomberg | Fed Sees Less Risk From Higher Rates While Maintaining QE
Federal Reserve policy makers signaled diminishing concern over higher borrowing costs as they maintained the pace of bond purchases and seek more evidence of sustained growth.
Bloomberg | Euro-Area Inflation Rate Falls to Four-Year Low
Euro-area inflation cooled to the slowest in almost four years in October, moving further away from the European Central Bank’s goal.

Blogs                                                                                                                             
WSJ | Three Takeaways on the Fed’s Policy Statement – December Taper Not Off the Table
The Federal Reserve emerged from its October meeting effectively in a wait-and-see mode on the economy and policy, making few substantive changes to its statement.