Rabu, 18 September 2013

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Federal Reserve maintains stimulus

The US Federal Reserve has decided to maintain its economic stimulus scheme at the current level, despite speculation that it would start scaling it back.

In a statement the Fed said the economy had been expanding at a moderate pace and the unemployment rate "remains elevated".

They also highlighted that mortgage rates have risen recently.

The Fed has been buying $85bn worth of debt every month, to keep rates low.



Source: BBC News - Business http://www.bbc.co.uk/news/business-24152993#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa