Fed’s monetary stimulus meets ‘fiscal cliff’
WASHINGTON (Reuters) – The contrast could not be sharper: Economists are all but certain the U. S. Federal Reserve will expand its monetary stimulus this week, but they have no clue how the fiscal battle in Congress will shake out. U. S. central bankers look set to extend their monetary stimulus, known as Quantitative Easing, into the new year at a meeting on Tuesday and Wednesday. Analysts expect the Fed to continue buying $85 billion worth of securities per month. . . .
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