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U.S. Day Ahead: Fed to acknowledge weak U.S. growth

Tuesday, June 18, 2013 - 02:21

Jun 18 - The Fed's two-day policy meeting comes to a close, and most analysts expect the central bank's bond purchases of $85 billion per month to continue.

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We're counting down the top three story you needed -- for Wednesday in at number three Yelp CEO Jeremy stop and it's taking center stage at the Reuters tech summit tomorrow he'll stock is up 68%. This year outperforming the NASDAQ by 15%. The stock did fall two weeks ago when he helped the F said the company was open to partnering with face that scraps -- A search product analysts have called a serious threat to yell. Expect stop moment to address those remarks which we are streaming on insider at 2 PM eastern. Coming in at number two is that act it's posting Q4 earnings before the bell. Last quarter FedEx cut its full year forecast after it worse than expected profit report. Provide guidance for the year could impact the stock which has risen 7% so far this year. But those games could potentially get a raced that stock dropped 7%. When it announced that weak outlook. Two brokerage firm Raymond James and know more about expect -- cost cutting measures to finally take hold. They see signs of growth and when he fourteen and that in turn. Could be good a broader market many investors keep an -- forecast of an economic growth gauge tracking jobs and manufacturing. And at number one the big broad indicator the FO and deep economic outlook for the US economy. Ben Bernanke and fatter wrapped up their two day meeting and will be releasing its forecast for GDP unemployment. Inflation and the overall strength of the recovery. Greater respect correspondent Alastair -- that the fat will have to acknowledge our shortcomings and likely keep the monetary support throttle full steam ahead. The Fed slide into acknowledged inflation has been running a little than anticipated. And certainly well below its 2% target. It's also gonna have to point out that growth in the first two quarters via. He's a little bit weak. That adds up to them keeping home purchases. 85 billion among the keeping their options open on tapering elation -- year. If the labor market continues to impress. Follow us on Twitter at Reuters Insider and get more of our videos at Reuters dot com slash ratings TV I'm putting on.

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U.S. Day Ahead: Fed to acknowledge weak U.S. growth

Tuesday, June 18, 2013 - 02:21