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Recent tightening measures have nonetheless had an effect, in particular on the bubbly real estate sector.
In a statement, the bank said that the economy in the first half of the year had been stronger than it had expected, but that the recent tightening in credit conditions should restrain future growth.
The data ends in 2000, so more recent tightening in state gun laws -- particularly in Virginia, where buyers are now limited to one gun a month -- is not reflected.
Recent tightening notwithstanding, given Labor's long supremacy in the polls, comparisons will be made with 2007, when Kevin Rudd unseated John Howard and returned Labor to power in Canberra.
Official statements from North African governments portray their recent tightening on immigration as cooperation with European initiatives to halt sub-Saharan migrants who transit through Algeria, Libya, Tunisia and Morocco and try to cross the Mediterranean.
John Shin, senior economist at Lehman Brothers, said investors were encouraged that the supply managers' survey reading remained above 50, despite recent tightening in the credit markets stemming from mortgage troubles.
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Despite the promise of significant windfalls for members, the vote fell well short of the 75% required for success.Amid signs that America's economy may be cooling following recent monetary tightening, the Federal Reserve left interest rates unchanged at 6.5%.
"I think the slowdown is a result of the government's macroeconomic controls, indicating recent monetary tightening and administrative measures are taking effect," said Xiao Minjie, who is an economist at Daiwa Institute of Research in Shanghai.
Since the Fed began the most recent rate tightening cycle, the PCE has fallen from just under 2%to1.3%3%.
Erdogan has shown an increasingly authoritarian streak in recent years, tightening control of the police, judiciary, and media, and angrily responding to criticism, even prosecuting opponents in court.
WASHINGTON, May 1 (Reuters) - The U.S. Federal Reserve stuck to its plan to buy $85 billion in bonds each month to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington.
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