Fed Continues Taper, ‘Despite Lowered Growth Expectations’
The Federal Open Market Committee (FOMC) has announced that it will taper its asset purchases by another $10 billion as most people expected, reducing agency mortgage-backed securities and long-term Treasury bond purchases by $5 billion each.
Fed thinks economic activity can support higher employment
“Economic activity has rebounded in recent months. Labor market indicators generally showed further improvement. The unemployment rate, though lower, remains elevated. Household spending appears to . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible