Economy

US Central Bank Reduces Monthly Bond Purchases to $65 Billioni
X
January 30, 2014 1:59 AM
The U.S. central bank says it will trim another $10 billion from its bond buying program, saying that despite weaker than expected job growth, the world’s largest economy is gaining strength. The announcement Wednesday means the Federal Reserve will buy $65 billion in securities next month, instead of the $75 billion it purchased in January. The program, called quantitative easing, is credited with stimulating the U.S. economy by making more money available to investors and keeping interest rates low. But as Mil Arcega reports, investors who have grown accustomed to the monetary stimulus are having a hard time letting go.

US Central Bank Reduces Monthly Bond Purchases to $65 Billion

Published January 29, 2014

The U.S. central bank says it will trim another $10 billion from its bond buying program, saying that despite weaker than expected job growth, the world’s largest economy is gaining strength. The announcement Wednesday means the Federal Reserve will buy $65 billion in securities next month, instead of the $75 billion it purchased in January. The program, called quantitative easing, is credited with stimulating the U.S. economy by making more money available to investors and keeping interest rates low. But as Mil Arcega reports, investors who have grown accustomed to the monetary stimulus are having a hard time letting go.


You May Like

Philippines, Muslim Rebels Try to Salvage Peace Pact

Peace process faces major setback after botched military operation to find terrorists results in bloody gunbattle between government forces, Moro Islamic Liberation Front fighters More

Republicans Expect Long, Expensive Presidential Battle

Political strategist says eventual winner will be one who can put together strongest coalition of various conservative groups that make up Republican Party More

Video New Wheelchair Is Easier to Use, Increases Mobility

Engineers have come up with a lever-operated design that makes use of easily accessible bicycle technology More