Unusual uncertainty clouds Fed meeting

Date: Tuesday, August 10, 2010

UNUSUAL UNCERTAINTY CLOUDS FED MEETING
Federal Reserve officials kick off their one-day meeting, as
economists offer predictions about what steps they might take in
response to the recent downshift in economic growth.

TUI TRAVEL LEADS DECLINERS IN WEAK FTSE INDEX
Travel stocks and house builders fall in British trading, amid signs
that the environment is getting tougher for firms closely leveraged to
consumer spending.

BANK OF JAPAN STANDS PAT ON RATES, OUTLOOK
The Bank of Japan votes unanimously to leave its policy interest rate
unchanged, as widely expected, while also keeping its economic outlook
steady and announcing no new major monetary easing moves.

NONFARM PRODUCTIVITY DROPS 0.9% IN SECOND QUARTER
The data mark the first decline after five quarters of strong
productivity growth. But figures also hint at the need for employers
to begin bringing on new hires.

THE JOBLESS RECOVERY WON'T GO FURTHER WITHOUT JOBS
A drop in productivity shows that American workers are stretched to the limit.