Fed Cuts Bond Purchases by Another $10 Billion
The Federal Reserve continued to curtail its economic stimulus campaign Wednesday, announcing as expected that it would further reduce its monthly bond purchases because of the progress of the economic recovery.
The Fed emphasized, however, that it expected to continue the centerpiece of its stimulus campaign, the suppression of short-term interest rates. It said that rates would remain at the current level, near zero, “for a considerable time” after it stops adding to its bond holdings, particularly if inflation remains sluggish.
READ MORE »
http://www.nytimes.com/2014/03/20/business/fed-cuts-bond-purchases-by-another-10-billion-as-expected.html?emc=edit_na_20140319
DO SOMETHING!
| 