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10 Dec 2016 | 10:07 PM
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Weekly

Commodity Research Report: Weekly Report: Metals & Energy

The Federal Reserve decided to continue dwindling its massive bond-buying program, following Ben Bernanke's final meeting as chairman of the central bank. In a move that was widely expected, the Fed said it will reduce its bond-buying program to $65 billion in February, down from $75 billion in January. In an official statement, the Fed sounded more upbeat about the economy, noting the data since it last met in December "indicates that growth in economic activity picked up in recent quarters." The US Markit services PMI rose to 56.6 in January from 55.7 the previous month, exceeding market expectations of 56.2.
04 Feb 2014 | 12:26 PM

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