Manufacturing in the NY region shrank more than forecast in September, with the index dropping to -10.41 (signaling contraction) from -5.85 in August as orders shrank. The median forecast called for -2. The ECB plans

The Federal Reserve undertakes QE3 with open-ended purchases of $40 billion of mortgage debt a month as it seeks to boost growth and reduce unemployment. Bernanke stated that the open-ended purchases would continue until the