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US Fed says credit squeeze contained

October 1, 2018
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Financial market turbulence has noticeably hurt housing activityacross the United States in recent weeks, but has had little effecton other sectors of the economy so far, the Federal Reserve said onWednesday. (Sydney Morning Herald — 1 hour ago)
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The Fed chief said that the central bank “stands ready to take additional actions as needed” to limit the effect of the financial market disorder on the economy. (New York Times — 1 September, 2007)
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Ben S. Bernanke said that the central bank “stands ready to take additional actions as needed” to limit the effect of the financial market disorder on the economy. (New York Times — 1 September, 2007)
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JACKSON, Wyo., Aug. 31 — Federal Reserve Chairman Ben S. Bernanke said Friday that the central bank was willing to take action to ease damage to the economy from troubled financial markets, and President Bush introduced a plan to help people who are at risk of losing their homes to foreclosure. (Washington Post — 1 September, 2007)
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Construction activity plunged in July by the biggest amount in six months as spending on homes fell for a record 17th straight month. (MSNBC — 5 September, 2007)
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Weak housing data and Fed’s latest “beige book” report of economic conditions deepen losses. (Washington Post — 10 hours ago)
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THE Australian stockmarket is expected to open higher after anotherbumper profit season amid moves by the US President, George Bush,to curb rising defaults on risky subprime mortgages. (Sydney Morning Herald — 3 September, 2007)
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Shares plunged in morning trading as a jittery Wall Street sold off on a report showing a large drop in pending home sales. (New York Times — 12 hours ago)
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The worst housing slump in 16 years and upheaval in financial markets have cast a shadow on the economy, leading lawmakers to question federal regulators about the path ahead for anxious consumers. (MSNBC — 16 hours ago)
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