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Fed Decides To Taper US Stimulus In January

The Federal Reserve announced Wednesday it would start tapering its massive stimulus program in January.
Fed Decides To Taper US Stimulus In January
Image from: Flickr

Via AFP:

The Federal Reserve announced Wednesday it would start tapering its massive stimulus program in January, giving a vote of confidence in the recovery of the US economy and job market.

The Fed will buy $75 billion on bonds a month next month, down from the $85 billion monthly asset purchases it has made for a year, the Federal Open Market Committee said after a two-day monetary policy meeting.

Stocks rallied to new record highs after the Fed action, which marked the beginning of the end of five years of its easy-money policy, aimed at helping the world's largest economy recover from the ...

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