Federal Reserve Expects to Keep Interest Rates Low Through Mid-2015

The Federal Reserve announced its highly-anticipated quantitative easing, or its so-called QE3, purchasing additional agency mortgage-backed securities at a pace of $40 billion per month in another effort to stimulate the struggling economy. The Fed wants to lower near-zero interest rates, citing an "elevated" unemployment rate and "strains in global financial markets." The Fed said it was "concerned that, without further policy accommodation, economic growth might not be strong enough to...Full Story
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