Fed minutes: Is a bond-buying cut looming? Maybe not


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Business owner Reiko Roberts, left, vents her frustrations with reviews site Yelp at a town hall in Hollywood. (Andrea Chang / Los Angeles Times / August 20, 2013) Also By Andrea Chang August 21, 2013, 1:39 p.m. Things got heated Tuesday at a Yelp town hall meeting intended to debunk misconceptions and ease business owners’ concerns about the popular reviews site. Since launching nearly a decade ago, Yelp has been subject to endless criticism by business owners who accuse the website of manipulating reviews based on whether the companies fork over advertising dollars. The backlash hasn’t prevented Yelp from becoming the premier site for reviews on everything from restaurants to plumbers.
This article has been curated from Tempers flare at Yelp’s town hall for small business owners in L.A.

WASHINGTON — Top Federal Reserve officials, viewing the economic outlook with a little more caution than before, remain divided on when to reduce their bond-buying stimulus. Minutes of the Fed’s last policy meeting at the end of July reveal that officials of the central bank still have not reached a consensus on the appropriate timing of tapering their $85-billion monthly purchases of Treasury and mortgage-backed securities — despite analysts’ expectations that the first cut will come in September. QUIZ: How much do you know about China’s economy? A “few members” of the policymaking group, known as the Federal Open Market Committee, wanted to wait for additional information before changing the bond-buying program, but a “few others” indicated that it “might soon be time to slow somewhat the pace of purchases,” according to the account released Wednesday after the usual three-week lag. Financial markets around the world have been on edge in anticipation that the Fed will soon start to scale back the program, which has pumped the financial system with cash in an effort to hold down long-term interest rates and support the housing market and broader economic growth. Ten-year bond yields have risen sharply in recent weeks. While many analysts have predicted a program cut at the Fed’s next policy meeting Sept. 17-18, the latest minutes, plus recent jobs data since the Fed’s July meeting, suggest that that’s far from a sure thing. Fed Chairman Ben S.
This article has been curated from Fed minutes: Is a bond-buying cut looming? Maybe not

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