End Times and Current Events

General Category => Federal Reserve => Topic started by: Psalm 51:17 on September 18, 2013, 04:09:00 pm



Title: In surprise, Fed decides not to ‘taper’
Post by: Psalm 51:17 on September 18, 2013, 04:09:00 pm
http://www.marketwatch.com/story/in-surprise-fed-decides-not-to-taper-2013-09-18?dist=afterbell
9/18/13
In surprise, Fed decides not to ‘taper’

Cites strains on economy for standing pat


WASHINGTON (MarketWatch) — The Federal Reserve on Wednesday stuck to its massive bond-buying strategy, citing softer U.S. growth in a move that stunned financial markets.

By a 9-to-1 vote, the Fed chose to keep buying $85 billion a month in debt and said it would wait for more evidence of economic progress.

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