Fed Slows Bond Buying With Fifth Monthly Reduction
The Federal Reserve says it will further slow the pace of its bond purchases because a strengthening U.S. job market needs less support. But it’s offering no clear signal about when it will start raising its benchmark short-term rate. Most economists think a rate increase is at least a year away despite signs of rising inflation. In a statement after a meeting, the Fed is reiterating its plan to keep short-term interest rates low “for a considerable time” after it ends its bond purchases, which have been intended to keep long-term loan rates low.
“Fed Slows Bond Buying With Fifth Monthly Reduction” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.