Economy Video: No new stimulus despite slowing economy, says Fed Add to ... AP Video Published Wednesday, Aug. 01 2012, 3:59 PM EDT Last updated Wednesday, Aug. 01 2012, 4:00 PM EDT The Federal Reserve said Wednesday that the economy is losing strength and repeated a pledge to take further steps to stimulate growth if the job market doesn't show sustained improvement Watch More Video: Future Shop stores close across Canada The first quarter's star and dog have a location in common, but not much else Market Call Tonight: Top picks from Contra The Heard's Benj Gallander Cirque du Soleil: Who could the suitors be? Saudi-led strikes hit oil markets Airlines review procedures after crash Market Call Tonight: Top picks from Sprott’s John Wilson New Kraft-Heinz giant has international aspirations Investors cheer Kraft-Heinz deal Market Call Tonight - Top Picks from Morgan Meighen's Michael Smedley Breaking down the Heinz, Kraft merger deal Frustrated by low interest rates? How to find better returns Why the U.S. dollar could be overpriced The real reason Nokia blew the smartphone battle U.K. inflation hits historic low Drawing Conclusions: What's the true cost of moving? H&M braces for dollar headwinds India's growth projected to outpace China's Market Call Tonight: Top picks from Horizons’ Brooke Thackray Drawing Conclusions: Moving is expensive. The argument for staying put Comments AA More Related to this Story Market View Video: Midday Markets: TSX slumps after bad news out of Europe, Asia Economy Video: Markets react to Fed announcement Agriculture Video: How can agriculture investors deal with climate concerns?