Settlement reduces the likelihood of more costly litigation
Sanctions levied in mortgage settlement
Pledge to maintain low rates injects additional monetary stimulus in the U.S. economy
Housing market still sluggish
Projections aimed at helping the public better understand the Fed’s monetary policy decisions
Margin pressures are expected to continue in the low interest rate environment
Proposals would apply to “systematically important” firms with consolidated assets of US$50 billion or more
Royal Bank and BMO to face review; TD exempt until 2015
Review is designed to ensure that U.S. banks are adequately capitalized to weather a worsening economic storm
Report describes an economy that is growing slowly, but not on the verge of recession