The US Federal Reserve has delivered on its promise to end its $US1.66 billion ($1.88 billion) asset purchase program but will keep rates at current levels, as the country’s economy gradually improves.
Despite saying for many months that it was going to end its $US15 billion in monthly purchases of treasuries and mortgaged backed securities, the move appeared to come as a surprise to investors, many of whom in recent weeks had began to doubt that the US economy was strong enough to warrant the end of the stimulus.
The post US Fed ends quantitative easing but says interest rates will stay low appeared first on Trunews:.
from Trunews: http://ift.tt/1tQaRhb
via IFTTT
No comments:
Post a Comment