Federal Reserve policymakers unexpectedly voted today to not yet alter one of the central bank’s key economic stimulus programs. The move defied market expectations that the Fed would begin tapering its monthly purchases of $85 billion in bonds this month. The decision to continue the year-old program at its same pace for at least another month showed concern by Fed officials that the economy is too weak to handle even a small reduction in stimulus.
Posted on: Thu, 19 Sep 2013 21:54:53 +0000
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