While you were sleeping Wall Street up as Fed meets

Tue, 17 Sep 2013

Sept. 18 (BusinessDesk) – Wall Street rose as the Federal Open Market Committee began a two-day policy meeting that is expected to mark the start of a gradual reduction in its monthly bond-buying program. The Fed will probably lower its US$85 billion of monthly bond purchases by US$10 billion, according to a Bloomberg News poll this month. That’s down from the forecast of a US$20 billion reduction in a July survey. US inflation has been running well below the central bank's target of 2 percent. The consumer price index increased less than...

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