While you were sleeping Fed maintains stimulus pending evidence of pickup

Wed, 30 Oct 2013

Oct. 31 (BusinessDesk) - The Federal Reserve kept its US$85 billion-a-month of bond buying in place as expected, saying it wants more signs of the world’s biggest economy is picking up, given recent weak data and the budget impasse in Washington. “Available data suggest that household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months," the Fed's policy-setting Federal Open Market Committee said. "Fiscal policy is restraining economic growth." The fed’s announcement come...

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