Friday: Ben Bernanke's comments will be watched for a widening of Federal Reserve action beyond the liquidity needs of the banking system and in the defense of economic growth -- and with it the use of the fed funds target rate. If Bernanke does hint at this shift, rallies across global markets will immediately ensue. If he does not, if he stresses the importance of the discount rate as the right policy tool, expectations for a Sept. 18 FOMC cut in the fed funds rate will be scaled back.
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8,580.1 |
Change
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| XJO (ASX) Chart |