![](https://kellycrews.com/wp-content/uploads/news-2.jpg)
Sep 18 2013
Fed, in Surprise Move, Leaves Bond-Buying Intac
Posted in News
No Comments
BREAKING NEWS – Wednesday, September 18, 2013 2:18 PM EDT
The Federal Reserve postponed any retreat from its long-running stimulus campaign Wednesday, saying that it would continue to buy $85 billion a month in bonds to encourage job creation and economic growth.
As Congressional Republicans and the White House hurtle toward another showdown over federal spending, the Fed said it was concerned that fiscal policy once again “is restraining economic growth,” threatening to undermine what the Fed had described just months ago as a recovery gaining strength.
Stock markets jumped after the 2 p.m. announcement, with the Standard & Poor’s 500-stock index touching a record high and the Dow Jones industrial average ahead more than 100 points.
Featured Properties
14100 MULHOLLAND Beverly Hills CA 90210 $ 15,000,000.00
A generational opportunity to own this incredible developable 8.5+ acre parcel of land offering you the chance to build a world class private estate on one of the largest parcels available. This stunning promontory offers an exceptionally rare combination of size, location and unsurpassed privacy. A 125 foot driveway opens to spectacular grounds that will…
704 ARDEN Beverly Hills CA 90210 $ 14,999,000.00
Situated on a road lined with evergreens in the heart of one of the most prestigious neighborhoods in the world, this private Spanish estate is truly one of a kind. With exquisite architecture by the renowned Wallace Neff, this breathtaking home boasts classic elegance married w/ modern amenities, thanks to no-expense spared updates. The epitome…
1610 Carla Beverly Hills CA 90210 $ 14,980,000.00
Perched upon the hillside of Trousdale Estates, enjoy one of the finest unobstructed 180 degree panoramic views in all of Beverly Hills. This vast tableau extends as far as the eye can see stretching from the skyline of downtown Los Angeles to Catalina Island. This can all be taken in from the infinity edge pool/jacuzzi…