Investors were jarred by the potential for an earlier-than-expected end to the Fed's experimental bond-buying programs, known as quantitative easing.
London's booming high-end property market has hinged on U.K. bankers' year-end bonuses, which have historically fed down payments.
Celtic replied at the other end when McGeady fed Marc-Antoine Fortune inside the Hibs penalty area, but Souleymane Bamba made the block and the Frenchman was denied.
For Ron Paul, fixing the housing market is a one-step solution: end the Fed.
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By indicating that short-term rates will stay low until the end of 2014, the Fed is also having an effect on medium-term bond yields.
In the end, she says, a well-fed baby is more important than where that food comes from.
Before year's end the Fed will probably raise short-term interest rates again.
There was no good reason that open market purchases should be considered routine and non-threatening if the target Fed-funds rate is above a certain level and the end of the world below that level.
Many are looking for the Fed to cut rates by year-end as economic growth slows.
Last week, John Williams, president of the Federal Reserve Bank of San Francisco, suggested the Fed's asset purchases should stop by year-end.
With the end of Operation Twist, the Fed has largely depleted its stock of short-term Treasuries.
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By the end of the year, when the Fed has sold the last of its short-term bonds, Operation Twist will have reached its limit.
Although the Fed is trying to limit the surprise of an end to its bond-buying program, there is a more likely event that officials will have to increase it to support a weakening economy, Nichols added.
At a leverage ratio of 71:1, Grant writes, the New York Fed should be the first to be lining up executors and filing an end-of-life plan.
All the same, the usually predictive Fed-funds futures market is pointing to another interest-rate cut of half a percentage point at the Fed meeting at the end of this month.
Traders suggest that the Fed's indication that it may be nearing the end of its cycle of interest-rate increases will probably make the volatility and trading volume jump even more.
Many Fed insiders expect the end to their mortgage buying to have a mild effect on rates, a half-percentage-point increase or possibly much less.
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