The FOMC also predicted that economic activity will likely be weak for some time, though it noted that financial markets have generally improved and that consumer spending is stabilizing.
But they are likely to remain weak, disorganised and prone to desertions and infiltration.
Jonathan Loynes of Capital Economics said the broad-based decline in output signified that the economy was likely to be weak for some time.
Certainly, the battle between the bulls and the bears continued, and it is likely that many weak longs were taken out of them market last Tuesday.
With demand from America and elsewhere likely to remain weak for at least the immediate future, that will leave Japan dependent on its feeble domestic economy.
Quantitative easing is also promoting recovery through a lower pound, which is particularly important for an economy whose domestic sources of demand are likely to remain weak.
The economic case for a growth strategy that combines hefty fiscal cuts with timid structural reforms is not obvious, especially when private demand is likely to stay weak.
"With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate, " Bernanke said.
It's not likely that a weak storm that swirls harmlessly in the Atlantic before fizzling will be referenced in the future, but once a large storm ravages a coast, its name becomes infamous, Vaccaro said.
Sentiment is likely to remain weak today after the main index of the Shanghai Stock Exchange fell to a three-year low on Friday amid worries about slowing global growth and a lack of domestic stimulus to offset it.
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"Growth is likely to be weak in the near term but further out a continued easing in domestic credit conditions, supported by the Bank's asset purchase programme and the Funding for Lending Scheme, together with the stronger global backdrop, underpin a slow but steady recovery in output, " the governor said.
There is reason to hope that future quarters, though likely to still be weak, will not be nearly as bad as the last six months.
Whoever wins this power struggle, unless and until Peronism unites under a new leader, or alternative political movements emerge, Argentina is likely to have a weak government.
This will likely make October a weak month for retailers.
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And looking at the recent PMIs from countries like China, and everyone can see that demand is weak and likely to remain a drag on growth into the fourth quarter.
Devitt sees overall 2013 semi capital spending to be down 10%-15% from 2012, with no meaningful capacity investment in the memory sector this year, with DRAM spending likely muted due to weak PC fundamentals.
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He thinks the weak performance is likely to result in a write down for Dreamworks, potentially in the current quarter.
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But recovery is also more likely to be delayed if weak firms in overstaffed industries are too slow to shed workers.
In Japan, though, the central bank further loosened monetary policy to kick-start the economy, a move likely to keep the yen weak.
Will the strong then be more likely to stand behind the weak?
Indeed, the weak performance will likely lead to job losses.
They are prone to developing osteoporosis, a disease where bones become weak and are more likely to break.
Weak holiday sales are likely to affect a number of other companies involved in the assembly and marketing of gadgets, ranging from chipmakers to retailers.
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James Montier of GMO, an asset-management firm, argues that pension schemes have been pushed into the hedge-fund world by weak past (and likely future) returns from traditional asset classes.
This analysis assumes that Mitt Romney, the likely Republican nominee, will be a weak candidate in the November election.
But the most likely outcome is an economy not quite weak enough and a crisis not quite large enough to galvanise spineless politicians.
Better a strong weak agreement that has a good chance of being honoured than a weak strong agreement that is likely to collapse.
Without this natural capital maintained, and restored where it has been lost or degraded, our prospects for long-term economic development are weak at best, and likely doomed to failure.
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If not for weak AAPL earnings, it is likely the market would have been off to the races this morning.
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