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In their discussion of financial market developments over the intermeeting period, participants weighed the extent to which the rise in market interest rates and increase in volatility reflected a reassessment of market participants' expectations for monetary policy and the extent to which it reflected growing confidence about the economic outlook. It was noted that corporate credit spreads had not widened substantially and that the stock market had posted further gains, suggesting that the higher rates reflected, at least in part, increasing confidence that moderate economic growth would be sustained. Several participants worried that higher mortgage rates and bond yields could slow the recovery in the housing market and restrain business expansion. However, some others commented that any adverse effects of the increase in rates on financial conditions more broadly appeared to be limited.
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Monsanto Co reported a fourth-quarter loss that waswider than expected, and offered a lower outlook for 2014 evenas it said it was positioned for strong growth next year. Sharesfell 2.7 percent to $102.21.
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â?I can say without fear of contradiction that since June 11, 2012, I have been much more focused on others than myself,â? Manley wrote. â?Iâ?ve done many things that I otherwise would not have done solely based upon the fact that I was not going to be around much longer and wouldnâ?t have many more opportunities. Knowing it was coming to an end helped me focus on what was most important.â?
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The iOS 7 software comes preinstalled on all new iPhone 5c and 5s models. For people with earlier-version devices who upgraded to iOS 7, going back to iOS 6 is not an option. This has prompted users to ask why this problem was not detected in testing.