Fed expected to begin tapering bond purchases this week
Investors anticipate the Fed will modestly cut monthly bond purchases from 85 billion to about 75 billion while keeping the short term rate near zero. The policy update includes the economic outlook for 2013 to 2016 and Bernanke’s nearing final news conference as chair.
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Washington
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Fed
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Treasury
U.S
Bernanke
Lawrence Summers
Janet Yellen
Obama
Alaska asks ConocoPhillips to reopen LNG plant
Alaska asks ConocoPhillips to reopen the mothballed Nikiski LNG plant to spur Cook Inlet exploration and provide market opportunities. A Sept. 5 letter requests a three year export license while noting local gas needs through 2018 and potential truck ramp facilities for Alaska distribution.
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Alaska
Conocophillips
Anchorage, Alaska
Trond-Erik Johansen
Natural Resources
Jot Balash
Nikiski
Anchorage
Balash
Cook Inlet
Natalie Lowman
Geological Survey
Fairbanks
Futures trading on Chicago Board of Trade s 1 futures
Futures trading on the Chicago Board of Trade opened with light activity as traders monitored early price moves and awaited clearer market direction.
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Chicago
Chicago Board of Trade
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