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Fed likely to continue quantitative easing program
The Federal Reserve is likely to continue or even expand its self-described “highly accommodative” monetary policy for some time, according to a statement issued Wednesday at the end of a two-day meeting of the Federal Open Market Committee.
Taxing pensions and 401(k)s
President Barack Obama's federal budget proposal to restrict accumulations in retirement programs would, if enacted, affect in a direct way only a very few participants, but would undermine the pension system and hurt all participants in it.
Obama budget to cap retirement deductions
The retirement- and investment-related tax proposals in President Barak Obama's fiscal 2014 budget are bargaining chips in the administration's battle with Republicans, Washington insiders say.
Fed stays put on federal funds rate and purchases
The Federal Reserve Open Market Committee voted Wednesday to keep the federal funds rate at zero to 0.25% until the unemployment rate improves, and to continue monthly purchases of $85 billion in mortgage-backed and longer-term Treasury securities.
Fiscal debt drama has chill for markets
he following comments were overheard at a recent meeting of Debt-aholics Anonymous.
Fed stays put on rates, bond buys
Gradual economic growth and little progress in the unemployment rate convinced members of the Federal Open Market Committee to continue with monthly Treasury purchases of $85 billion and to keep the federal fund rate at zero to 0.25%, according to a statement from the first two-day meeting of 2013.
New Congress offers hope for pension issues
While wholesale policy changes are not expected in President Barack Obama's second term, some new Capitol Hill assignments have sparked a glimmer of optimism among retirement and investment industry observers.
P&I survey shows divergence in investors', market views
Uncertainty caused by last-minute congressional negotiations to avert the fiscal cliff created pessimism about the economy and markets in the short term, according to Pension & Investments readers responding to a P&I/Oxford University survey.
'Bare-bones' resolution to budget crisis seen as most likely
Any fiscal-cliff resolution is being seen as nothing more than a “bare-bones” extension approved by the end-of-the-year deadline.
Dan Fuss comments on the fiscal cliff, Europe
The economic outlook for 2013 remains clouded by the on-going fiscal cliff talks in Washington and overall government debt levels here and abroad, Loomis Sayles Vice Chairman Dan Fuss, said in a recent P&I interview.
Profiteers and politicians: Two groups that need to clean up their acts
As politicians in Washington consider a resolution to the Fiscal Cliff, they could learn important lessons from people's opinion of profiteering.
CFA survey shows rising economic, stock market optimism
Forty percent of respondents to the CFA Institute's annual global market sentiment survey expect the global economy to expand next year, up from 34% a year ago.
Poll results: How significant would a cut of retirement plan tax incentives have on savings?
Eighty-three percent of Pensions & Investments readers believe a cut of retirement plan tax incentives would have a negative impact on retirement savings.
Fiscal cliff has money managers tiptoeing
The fast-approaching fiscal cliff is causing some money managers to abandon traditional year-end portfolio moves in order to play it safer. Still other managers already are focusing on the next big crisis when Washington tackles the federal budget deficit.
BlackRock, pension funds warn candidates of impending fiscal cliff
BlackRock and four large public pension plans were among 11 organizations signing a message displayed Monday in full-page ads in the Wall Street Journal and New York Times calling for federal candidates to take action regarding the pending fiscal cliff on Jan.