U.S. Federal Reserve

U.S. Federal Reserve: NEW The U.S. Federal Reserve, intent on cutting its stimulus again this week, is not about to blink in the face of a brutal selloff of emerging market assets that could yet gain steam in Turkey, Argentina and elsewhere, according to Reuters. Now that the Fed intends to wind down the unprecedented policy accommodation by later this year, those markets - especially in countries with large current account deficits - have dropped hard, prompting policy responses late last week from central banks around the world and By Jonathan Spicer Though the central bank's 16-month-old bond-buying program is meant to boost the U.S. economy, in the past it has lifted currencies and stocks in emerging markets that have benefited from a rush of international investment and the resulting lower interest rates. (www.immigrantscanada.com). As reported in the news.