United States – Bernanke is not afraid of commitment [CORRECTION ]
13 December 2012 10:45 GMT
• This supersedes the version dated 12 December 2012. On page 2, 2nd paragraph, corrects year-end USD-JPY forecast to 81.00 from 82.00.
• The FOMC expands QE purchases to absorb the expiration of Operation Twist
• Fed commits to keep rates on hold under conditionality
• We continue to target EUR-USD at 1.27 for year-end and look for USD-JPY to finish Q4 at 81.00
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