The likelihood of further quantitative easing (QE) in the US diminished marginally following the release of the minutes of the most recent meeting of the Federal Reserve's Federal Open Markets Committee (FOMC).
The committee was cautious on the prospects for US growth, with a majority of members saying recent positive data on US employment and house prices "did not point to a material revision" in growth expectations in 2013. The minutes also stated that the growth rate in 2012 would be somewhat
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