News Column

Fed Maintains Stimulus

July 31, 2013
federal reserve

The US Federal Reserve on Wednesday said it would continue its bond buying programme to bolster the US economy and kept its benchmark interest rate at record low levels.

The latest round of bond buying was launched in September at a pace of 85 billion dollars a month, or about 1 trillion dollars a year in the 16-trillion-dollar US economy.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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