While you were sleeping Fed tapers again

Wed, 19 Mar 2014

By Margreet Dietz March 20 (BusinessDesk) – US Federal Reserve policy makers said they cut their monthly bond-buying program by another US$10 billion as they upgraded their expectations for the rate of improvement in the US labour market. Reducing the pace of its bond purchases to US$55 billion a month, the Federal Open Market Committee also did away with its 6.5 percent unemployment rate as a target to maintain record low borrowing costs. “There is sufficient underlying strength in the broader economy to support ongoing improvement in labou...

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