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Bye, bye, QE

Short of a new financial crisis and a major economic downturn, it's unlikely that the Fed would return to the quantitative easing (QE) tool any time soon.

Responding to improvement in the economy, the Fed has already started gradually cutting back QE since last year.

LAST Wednesday's announcement in Washington didn't come as a big surprise, and some would argue that it was anti-climatic. The US Federal Reserve was ending its quantitative easing (QE) stimulus programme - reducing its last US$15 billion-a-month of asset purchases to zero - which it had...

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