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

Lesotho Faces New Round of Violence, Political Crisis

Brutal killing of military officer has sent former leaders back into S. Africa where they're watching anxiously as regional officials head in to try to restore peace More

Video US Diplomat Expects Adoption of Bosnian Massacre Anniversary Resolution

Samantha Power says there's broad consensus about killings in Bosnia's war, but Russia calls resolution 'divisive,' backs UN countermeasure More

UN Report Exposes Widespread Boko Haram Atrocities

Damning report graphically details pattern of vicious, widespread atrocities committed by Islamist militants More