Fed Ends Bond Program, Maintains Low Rate

At the conclusion of the Federal Reserve’s latest two-day meeting (October 29), policy-makers announced an end to the bond-buying program and stated that the short-term interest rate will remain near zero for a “considerable time.” Many economists have noted that it’s not likely the Fed will raise that key rate before mid-2015. The Federal Reserve started its bond purchase program in 2008 during former Chairman Ben Bernanke’s tenure to aid the economy and the housing market.

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