69°
Baton Rouge, Louisiana
3 Day Outlook
Sun
86°
63°
20%
Mon
81°
57°
10%
Tue
80°
58°
0%

Latest Weather Blog

Follow our weather team on social media

Federal Reserve to reduce stimulus

1 year ago Wednesday, January 29, 2014 5:35:48 PM CST January 29, 2014 Wednesday, January 29 2014 Jan 29, 2014 in News
Source: Associated Press

WASHINGTON- The Federal Reserve will cut monthly bond buying by another $10 to $65 billion because the U.S. economy is getting stronger.

The Fed is proceeding despite the prospect of higher interest rates in the U.S. and rattling overseas markets.

The Fed contends it will try to keep short-term interest rates at record lows.

A lot of investors fear reducing the bond buying will make interest rates shoot up and force them out of emerging markets and into stocks in the U.S. for higher returns.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Heavy T-Storms
77°
67°
Sun
Partly Cloudy
86°
63°
Mon
Partly Cloudy
81°
57°
Tue
Partly Cloudy
80°
58°
Wed
Mostly Sunny
85°
64°