Economy

US Central Bank Stays Course on Monetary Stimulusi
X
September 19, 2013 12:24 AM
U.S. stock prices reached new highs Wednesday after the U.S. Federal Reserve said it would stay the course on efforts to stimulate the economy. And that rally could continue, despite the central bank's conclusion that the U.S. economic recovery still has a way to go before it becomes fully sustainable. As Mil Arcega reports, many economists were expecting the Fed to start scaling back its bond purchases this month as the economy recovers from the worst recession in decades.

US Central Bank Stays Course on Monetary Stimulus

Published September 18, 2013

U.S. stock prices reached new highs Wednesday after the U.S. Federal Reserve said it would stay the course on efforts to stimulate the economy. And that rally could continue, despite the central bank's conclusion that the U.S. economic recovery still has a way to go before it becomes fully sustainable. As Mil Arcega reports, many economists were expecting the Fed to start scaling back its bond purchases this month as the economy recovers from the worst recession in decades.


You May Like

Obama: Alaskans Feel Signs of Climate Change

Alaskans experiencing bigger storm surges as sea ice melts, more frequent and extensive wildfires, deteriorating glaciers, and swift shoreline erosion More

Katrina Brought Enduring Changes to New Orleans

The city’s recovery is the result of the people and culture the city is famous for, as well as newcomers and start-up industries More

Magical Photo Slides Show Native Americans in Late 1800s

Walter McClintock spent 20 years photographing the Blackfoot Indians and their vanishing culture at the dawn of the modern age More