• The Fed “should not hold the economy hostage to teach a lesson to financial market speculators”, Fed’s vice Chairman’s Kohn said today to the Council on Foreign Relations in New York.
• U.S. stock market rallies on expectations the Federal Reserve will cut the Fed Funds rate in December
• Despite the recent optimism in the stock market, credit conditions in the U.S. money market remain very tight
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[B][I]Written by Antonio Sousa and David Rodríguez for DailyFX.com[/I][/B]