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Summary Box: Fed sticks with bond-buying plan (AP)

We have all read latest news written by popular journalist. This showdown Summary Box: Fed sticks with bond-buying plan
(AP)
was a long time a coming. But the news doesn’t stop here. The author shows two wonderful talents. Read the the whole sections to see what I mean. By: US Economy

STAYING THE COURSE: The Federal Reserve maintained the pace of its $600 billion Treasury bond-buying program, saying a slowly improving economy is still too weak to reduce high unemployment.

DOOR OPEN: The Fed will continue to review the program. It left open the option of buying more bonds if the economy weakens, or fewer if the economy strengthens more than expected.

COMPLICATING THE FED’S JOB: The program is intended to lower long-term interest rates, lift stock prices and encourage higher spending. But after the Fed issued its statement, Treasury yields rose, undermining one of the Fed’s goals.

It, Summary Box: Fed sticks with bond-buying plan
(AP)
quoted from US Economy

Short URL: http://www.usnews9.com/?p=4167

Posted by on Dec 17 2010. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
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