The Fed gives the seller a credit on their Federal Reserve statement.
Earlier, the Treasury and Federal Reserve issued a statement rejecting another gimmick that had been discussed to get around Congress minting a trillion dollar platinum coin.
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The big U.S. economic event of the week comes Wednesday afternoon when the Federal Open Market Committee of the Federal Reserve issues a statement following its two-day meeting.
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Markets will also be paying attention to the Federal Reserve's policy statement coming out later Wednesday.
Investors in U.S. Treasurys will closely watch the Federal Reserve's policy statement this week, and any talk of reining in central-bank bond purchases could hit a nerve.
The Federal Open Market Committee (FOMC) of the Federal Reserve today released its customary statement after its meeting.
On January 23, 2013, the Federal Reserve issued a Supplemental Policy Statement on the Internal Audit Function and Its Outsourcing.
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In its August policy statement the Federal Reserve took the highly unusual step of putting a specific time frame for the continuation of its near zero interest rate policy.
Yesterday the Federal Reserve got more gloomy in the statement after its two day meeting.
The recommendations for the reading portion could also include reading a business memo or a statement from the Federal Reserve Bank.
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"If some countries acted in a hostile way against our citizens' right to life, allow us to reserve our right to make a statement, " Mr Davutoglu said.
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Bond prices eased somewhat as equity prices spent the first hour of trading holding on to significant gains and before the Federal Reserve makes its regularly scheduled policy statement.
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U.S. Federal Reserve Chairman Ben Bernanke's statement on Wednesday that the Fed might decide at one of its "next few meetings" to start pulling back on its bond purchases also contributed.
Comex gold futures prices ended the U.S. day session modestly lower and then extended those losses slightly in the wake of the release of the FOMC statement from the Federal Reserve.
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U.S. Federal Reserve Chairman Ben Bernanke's statement on Wednesday that the Fed might decide at one of its "next few meetings" to start pulling back on its bond purchases, or quantitative easing, contributed to the sour mood.
Earlier in the day, the release of the FOMC statement revealed that the Federal Reserve decided to embark on a third round of asset purchases, dubbed QE3.
In a joint statement, the US Federal Reserve and other major US banking regulators said the deal "provides for a more stable banking system that is less prone to excessive risk-taking".
Meanwhile, U.S. Federal Reserve policy-setters acknowledged in a statement Tuesday that economic conditions remain soft and they intend to leave interest rates at record low levels until mid-2013, which analysts have described as supportive for gold.
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The rescue comes with limitations for Citi: it will have to comply with "enhanced" executive compensation restrictions, according to a joint statement from the FDIC, Federal Reserve Board and Treasury, and it will implement the FDIC's mortgage modification program.
"The final overdraft rules represent an important step forward in consumer protection, " Federal Reserve Chairman Ben S. Bernanke said in a statement.
While the bailout saga in Cyprus has the potential to stir global markets again, the U.S. Federal Open Market Committee's policy statement after the European close and Federal Reserve Chairman Ben Bernanke's news conference may hold some attention.
However, the afternoon FOMC statement from the U.S. Federal Reserve did give the U.S. dollar index a boost, which in turn dropped precious metals prices from their highs.
FORBES: Comex Gold Ends Firmer on Bargain Hunting, But Firming U.S. Dollar Index Limits Gains
Federal Reserve policy-setters, in their post-meeting statement, left interest rates unchanged and said they would continue with purchases of Treasury and mortgage-backed securities meant to push down long-term interest rates.
FORBES: Comex Gold Futures Pare Loss Slightly After FOMC Statement
The statement runs afoul of the public comments made by Federal Reserve Chairman Ben Bernanke who recently stated that the Federal Reserve intends to extend its accommodative credit stance (i.e. keep interest rates at historic lows) through the middle of 2015 at least.
Ironically, when the statement was released, I was attending a presentation by former Federal Reserve Governor Randall Kroszner at the Morningstar Stock Forum.
Further, gold bulls may be buoyed if the statement after a two-day FOMC meeting Wednesday suggests the Federal Reserve will keep interest rates low, optionsXpress says.
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The latest statement from the Federal Open Market Committee of the U.S. Federal Reserve, was just a bit more hawkish on U.S. monetary policy, hinting that some pre-emptive monetary policy tightening could occur, or at least reduced accommodative Fed actions, in the next year and-a-half.
FORBES: Comex Gold Ends Firmer on Bargain Hunting, But Firming U.S. Dollar Index Limits Gains
"It is my desire to have everyone reserve judgment until all the facts and evidence in this investigation have been gathered, " his statement read.
Investors are also waiting for the Federal Reserve, which will begin a two-day policy setting meeting on Tuesday, with a statement to be released on Wednesday.
In a statement released after a two-day policy meeting Wednesday, the U.S. Federal Reserve acknowledged that the economy is still struggling to regain momentum.
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