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Sack Says Fast Sale of Fed Assets Risks Sudden Rise in Rates
March 9 (Bloomberg) -- Brian Sack , the New York Federal Reserve Bank’s markets chief, said reducing the central bank’s $2.3 trillion balance sheet quickly through sales of assets would risk a sudden increase in long-term interest rates. |
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Proposed mortgage law to curb prices
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The approval of the long-awaited mortgage law in Saudi Arabia this year is expected to curb sharp increases in property prices, spur bank credit and encourage investment in the sector, a Saudi official said. |
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More Consumers Pay Credit Card, Skip Mortgage Payments
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RISMEDIA, March 11, 2010—(MCT)—U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit card obligations. But an alarming trend is emerging: A small but growing number of people are skipping… |
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