|
(Continued from page 35)
omy. • That expectation marks a reversal from just six weeks ago, when almost everyone expected the Fed to start trimming its $85 billion in monthly bond purchases. The bond buying is intended to keep long-term interest rates low to help the economy rebound from the Great Recession. • The Fed is to announce its decision in a statement after a two-day policy meeting. • The central bank surprised investors and economists at its last meeting in September when it chose not to reduce its bond buying. Since then, a 16-day partial government shutdown shaved an estimated $25 billion from economic growth this quarter. And a batch of tepid economic data pointed to a still-subpar economy. • Now, few think the Fed will reduce its stimulus any time soon. Many analysts now predict the Fed will maintain the pace of its bond purchases into next year. • ___
Egyptian security forces arrest deputy head of Muslim Brotherhood party
• CAIRO (AP) -- Egyptian security forces raided an apartment in eastern Cairo early Wednesday, arresting a key Muslim Brotherhood figure who had been on the run since the July coup that ousted the country's Islamist president, the Interior Ministry said. • The arrest of Essam el-Erian, the deputy leader of the Brotherhood's political arm, the Freedom and Justice party, was the latest in a wide-ranging crackdown and prosecution of both the Islamist group's leaders and its rank-and-file since the ouster of President Mohammed Morsi, who also hails from the Brotherhood. • Morsi himself is in detention, held incommunicado at an undisclosed location and is due to appear in court on Nov. 4 on charges of inciting followers to violence and murder. • El-Erian was apprehended by security forces acting on a tip that led them to the apartment in the suburb of New Cairo, a security official said, speaking on condition of anonymity because he was not authorized to talk to the media. • The media-savvy el-Erian was among few senior Brotherhood figures still on the run. He was considered a more moderate leader but turned hard-line and went into hiding after the popularly-backed July 3 coup that ousted Morsi, Egypt's first freely elected president. • ___
(Continued on page 37)
|
|