US expecting up to $1trn extra QE - papers

The US federal reserve could pump up to $1trn of extra QE into the economy to battle unemployment and encourage growth.

The decision is expected to come on Wednesday and, although most analysts expect the figure to be around $500m, the Guardian speculates it could be double that amount. Coming on top of the $1.7trn of QE already injected into the economy, the decision could boost stock markets and set the tone for other central banks ahead of their own meetings this week. However, the Bank of England's Monetary Policy Committee, which will make its decision on Thursday, is expected to delay any additional stimulus until the New Year. Directors take pay cuts Almost half of directors at unlisted com...