Wednesday, October 30, 2013

FEDERAL RESERVE LEAVES LOW INTEREST RATE POLICIES UNCHANGED

► In a statement released Wednesday after a two-day policy meeting, the Fed says it will keep buying $85 billion a month in bonds to keep long-term interest rates low and encourage more borrowing and spending.

► The Federal Reserve says the U.S. economy still needs support from the Fed’s low interest-rate policies because it is growing only moderately.

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