U.S. Federal Reserve

U.S. Federal Reserve: Markets have been volatile since late May when Fed chairman Ben Bernanke said the U.S. central bank would consider cutting back on its $85-billion of bond purchases each month if economic data particularly job growth improved. More Related to this Story, according to Globe and Mail. Loonie ends higher on positive housing report The Canadian dollar closed lower Monday as traders looked for clarity on whether the U.S. Federal Reserve thinks economic conditions are favourable enough to start easing up on some stimulus. The loonie surrendered early gains to slip 0.08 of a cent to 98.26 cents U.S. . Loonie ends higher on strong May employment report (www.immigrantscanada.com). As reported in the news.