FED CONTINUES TO TAPER

Dated: 04/30/2014

Views: 2144

The Federal Reserve just wrapped up its two-day Federal Open Market Committee (FOMC) meeting.As expected, the Fed kept its benchmark rate unchanged at low levels (between 0% and 0.25% ), and it tapered quantitative easing (QE) by another $10 billion.Under QE, monthly purchases of mortgage-backed securities will be reduced to $20 billion from $25 billion and purchases of Treasuries will be reduced to $25 billion from $30 billion.QE has been the Fed's extraordinary effort to keep interest rates low and lending markets loose by pumping cash into the economy via bond purchases."[G]rowth in economic activity has picked up recently, after having slowed sharply during the winter in part because of adverse weather conditions," said the FOMC."Describing the slowing as “sharp” was likely a nod to the Q1 GDP report that came in below expectations," said Barclays' Michael Gapen. Earlier today, we learned that GDP growth decelerated to just 0.1% in Q1 from 2.6% in Q4.

Read more: http://www.businessinsider.com/fomc-statement-april-2014-2014-4#ixzz30PFNMZs9
Blog author image

Britt Morris

Thank you for taking part in the Halo experience. Our plan is simple--Learn--Work--Share. This is the motto we use when serving our clients, our agents, and most importantly our community. ....

Want to Advertise on this Site?

Latest Blog Posts

6 SMART HOME DEVICES FOR LESS THAN 100

https://jonitherealtor.wordpress.com/2020/07/08/6-smart-home-devices-for-less-than-100/6 SMART HOME DEVICES FOR LESS THAN $100 Every day, the world presents us with new technology. It seems

Read More

ENERGY SAVING TIPS THAT WILL LOWER YOUR BILLS

ENERGY SAVING TIPS THAT WILL LOWER YOUR BILLS Temperatures are rising which means that your utility bills are likely on the rise too. With the average American spending around $200 a month on

Read More

HOW TO SAVE BY GETTING RID OF THE EXCESS

HOW TO SAVE BY GETTING RID OF THE EXCESS If you’re getting ready to move, whether you are trying to sell your home or you’ve already purchased a new one, one of the first things that tends

Read More

4 Signs You Might Need Roof Repairs

4 Signs You Might Need Roof Repairs Your roof is a critical part of your home. Protecting you from the elements all year round, your roof takes the brunt of any weather that comes through your

Read More