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

How to Safeguard Your Mobile Privacy

As the digital world becomes more mobile, so too do concerns about eroding privacy and increased hacking More

'Desert Dancer' Chronicles Iranian Underground Dance Troupe

Film by Richard Raymond is based on true story of Afshin Ghaffarian and his friends More

Obesity Poses Complex Problem

Professor warns of obesity’s worldwide health impact More