RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: US Fed ends quantitative easing but says interest rates will stay low Wed Oct 29, 2014 8:45 pm | |
| The US Federal Reserve has delivered on its promise to end its $US1.66 billion ($1.88 billion) asset purchase program but will keep rates at current levels, as the country's economy gradually improves.
Despite saying for many months that it was going to end its $US15 billion in monthly purchases of treasuries and mortgaged backed securities, the move appeared to come as a surprise to investors, many of whom in recent weeks had began to doubt that the US economy was strong enough to warrant the end of the stimulus.
"The US Federal Reserve surprised the market, boosting the US dollar and US interest rates," said Westpac market strategist Imre Speizer.
"A key change was its assessment the labour market had improved. In addition, it added conditionality to its guidance that short-term interest rates will remain near zero for a 'considerable time'."
Read more: http://www.smh.com.au/business/world-business/us-fed-ends-quantitative-easing-but-says-interest-rates-will-stay-low-20141030-11dyok.html#ixzz3HaJKxsbP _________________ Anarcho Capitalists Retail , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
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