Quantitative easing got a shot in the arm this week as the Federal Open Market Committee (FOMC) minutes from the July 31-Aug. 1 meeting released Wednesday afternoon revealed stronger support for the move.

It might have also indicated a lower bar for implementation than the statement had suggested as "many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery".

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