The FOMC formally ended its asset-buying stimulus program known as quantitative easing. A statement from the Federal Reserve cited increased activity in the economy, which it said is expanding at a moderate pace. The Fed also signaled a continuation of the policy of holding interest rates artificially low, between zero and 1/4 percent, which it says will likely be the case for a considerable time. Also on the Feds radar was the jobless rate which it saw as a positive development. TheStreets Jamie McIntyre has details from Washington., 2014
Posted on: Wed, 29 Oct 2014 21:25:30 +0000
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