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Fed Appears Less Keen On Further Easing: Minutes

•, By: Reuters
 The Fed policymakers noted recent signs of slightly stronger growth but remained cautious about a broad pick up in U.S. economic activity, focusing heavily on a still elevated jobless rate.

 However, the minutes suggest the appetite for another dose of quantitative easing, so-called QE3, has waned significantly.

 Following the minutes release, U.S. stocks added to losses while U.S. Treasury debt prices turned negative. Meanwhile, the U.S. dollar turned positive versus the euro and gained versus the yen.

 The March meeting minutes noted "a couple" of members thought additional stimulus might be needed if the economy loses momentum or inflation remains too low for too long.

 That contrasted with a much broader characterization in January, when the minutes cited a few members as seeing a possible need for additional easing before long, and others thinking stimulus might be required if economic conditions worsened.

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