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
500 Amado Palm Springs CA 92262 $ 215,800.00
The Deauville. The Heart of Palm Springs. Acres of fun and enjoyment within walking distance to Downtown or the Convention Center. A GROUD FLOOR CONDO UNIT! Beautiful fountain views from the patio. Easy parking in front of the unit or in the assigned parking space. One bed, two bath condo. Master is large to accommodate…
1811 Grand Ave Escondido CA 92027 $ 215,100.00
Great starter unit for first time buyers or Investors. The open floor plan boasts a great corner upstairs location in the Pepperwood Meadows complex. Newley upgraded Kitchen counter-Brand new Dishwasher- Upgraded Floor-1 Assigned Covered Parking – This home is close to shopping, schools, and major roads for easy access to all that North County has…
500 Amado Palm Springs CA 92262 $ 215,000.00
Excellent location, smart upgrades, and move in ready for you in Deauville! Make it your residence, getaway, or lucrative rental. Close to main pool, spa, gym, and tennis courts. Covered patio with an upgraded awning, and a fan offers quiet, views, and privacy! Living room features indoor outdoor access to the front patio, a murphy…