AI
Friday, January 31, 2014 1:32:00 PM
Market dropping off after Fed continues to taper economic stimulus
The Federal Reserve proved Wednesday that it will take more than a weak jobs report or global financial jitters to derail its plans to wean the economy off the central bank's extraordinary stimulus.
Despite a slowdown in job growth last month and recent financial turmoil in emerging markets, the Fed said it will pare its bond-buying program by $10 billion for the second straight month.
In a statement after a two-day meeting, Fed policymakers said the central bank will buy $65 billion a month in Treasury bonds and mortgage-backed securities, down from $75 billion. In December, Fed policymakers took their first step in tapering the program begun in September 2012, reducing the bond-buying from $85 billion a month.
The purchases are intended to hold down long-term interest rates and spur the economy and labor market.
http://www.usatoday.com/story/money/business/2014/01/29/january-fed-meeting/5023161/
As-of-1-31-2014
The Federal Reserve proved Wednesday that it will take more than a weak jobs report or global financial jitters to derail its plans to wean the economy off the central bank's extraordinary stimulus.
Despite a slowdown in job growth last month and recent financial turmoil in emerging markets, the Fed said it will pare its bond-buying program by $10 billion for the second straight month.
In a statement after a two-day meeting, Fed policymakers said the central bank will buy $65 billion a month in Treasury bonds and mortgage-backed securities, down from $75 billion. In December, Fed policymakers took their first step in tapering the program begun in September 2012, reducing the bond-buying from $85 billion a month.
The purchases are intended to hold down long-term interest rates and spur the economy and labor market.
http://www.usatoday.com/story/money/business/2014/01/29/january-fed-meeting/5023161/
As-of-1-31-2014
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
