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Wednesday, 29 October 2014

Breaking News: US Fed Ends QE Stimulus Programme.

The US Federal Reserve has announced it is ending its quantitative easing (QE) stimulus programme begun in 2008.
The Fed said it was confident the US
economic recovery was on track, despite weakness in the global economy.
The targets for inflation and reduction in unemployment were not under threat, the Fed said in a statement.
The central bank, which also said it would not raise interest rates for a "considerable time", has gradually cut back QE since last year.
"The Committee continues to see sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment in a context of price stability," the Fed said in a statement.
Source:BBC

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