While you were sleeping: Fed ends asset purchases

Wed, 29 Oct 2014

By Margreet Dietz Oct. 30 (BusinessDesk) - Wall Street and US Treasuries fell, extending earlier losses, after Federal Reserve policy makers ended its monthly bond-buying program and signalled they saw “sufficient underlying strength in the broader economy.” “Labour market conditions improved somewhat further, with solid job gains and a lower unemployment rate,” the Federal Open Market Committee said in a statement at the end of the two-day meeting. “On balance, a range of labour market indicators suggests that underutilisation of labour...

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