Markets slide as Fed is split over future stimulus

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Imminent plans for another round of US quantitative easing were ruled out yesterday following the publication of the US Federal Reserve minutes, disappointing markets.

The minutes also revealed a split between the committee members over the timing of future stimulus moves. US stock markets closed down on the news, with the Dow Jones slipping down 0.38% to 12,604 and the S&P 500 closed flat at 1,341 and the Nasdaq fell 0.49% to 2,887. Asian markets also fell sharply following the publication of the minutes. The Nikkei 225 fell 1.48% to 8,720 and the Hang Seng Index closed 1.7% down at 19,090. The minutes published on Wednesday demonstrated concerns that unemployment would remain elevated for another five to six years, but most officials did not se...

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