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