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Fed continues QE but hints at December taper
by Danielle Levy on Oct 31, 2013 at 07:54
The Federal Reserve has decided not to slow its bond buying program but has hinted that a December or January taper could be on the cards.
The rate-setting Federal Open Market Committee opted to continue with $85 billion of asset purchases in its October meeting and implied the three-week government shutdown had not had a serious impact on the economy, the Financial Times reported.
The S&P 500 closed down 0.8% at just under 1,760 after closing at a record high of 1,772 on Tuesday. Meanwhile, the yield on 10-year Treasury notes rose 3 basis points to 2.53%.
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by Danielle Levy on Dec 04, 2013 at 11:37