Newslines lets you create cool news timelines about your favorite people and products. Register now!
Federal Reserve

Bond-purchase tapering continues

30 Jul, 2014

The Federal Reserve announces that it will continue to reduce its monthly bond purchases. The central bank has reduced its bond buying from a monthly rate of $85 billion to $25 billion. The Fed gives few hints as to when it will increase interest rates. However, it suggests it will maintain the federal funds rate at near zero for awhile after it concludes its bond buying.