Wednesday, October 29, 2014

Fed keeps rate at record low, ends bond buying

WASHINGTON (AP) — The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. job market that's improving but still isn't fully healthy and help lift inflation from unusually low levels. As expected, it's also ending a bond purchase program that was intended to keep long-term rates low.

The Fed on Wednesday reiterated its plan to maintain its benchmark short-term rate near zero "for a considerable time." Most economists predict that the Fed won't raise that rate before mid-2015. The Fed's benchmark rate affects the rates on many consumer and business loans .... http://bigstory.ap.org


U.S. stocks fall after Fed decision

The U.S. stock market moved decidedly lower after the Federal Reserve decided to end the last batch of its bond-buying program and kept the Fed funds rate at zero.... http://www.marketwatch.com

Treasurys sink after Fed decision; U.S. dollar jumps

U.S. Treasury prices continued to fall Wednesday while the dollar jumped against its rivals after the Federal Reserve said it would formally end its bond-buying stimulus program .... http://www.marketwatch.com