Federal Reserve tries to inplement a new QE

Federal Reserve asserted to decrease the prospection of economy of the United States. Affected by the , the Federal Reserve would maintain the federal funds target rate at 0-0.25% until the middle of 2013. Fed also said they would not deny the possibility to execute new measure to stimulate the economic recovery.

It is the third time for Fed to decrease the prospection this year. In July, there are 117 thousand un-agriculture jobs increased in America but still cannot catch the speed of inflation.

Source: China Securities Journal

Translated and edited by Yang Jingmin

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