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
430 Oakhurst Beverly Hills CA 90210 $ 2,275,000.00
Welcome to Chateau de Chene in Beverly Hills! Enter Luxurious in every sense, front SW corner, newly Remodeled unit with 3 BR+3 BA+Den+Laundry Rm+4 Balconies, in most desired location in the building with only one common wall. Abundance of natural Lite, Park-like views from every Room, Maple Parquet floors, elegant FP in Living rm, brand…