FOMC statement and press conference

FOMC Preview

September 18, 2013

Federal Reserve policymakers have preparing markets to expect a reduction this month in the size of the central bank’s monthly $85 billion of long-term asset purchases, also known as quantitative stimulus (QE).  Chairman Bernanke initially floated the idea, contingent upon continuing improvement in the U.S. economy.  Although markets at first thought the monthly quota might […] More

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