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Fed Ends QE3 and Sends Upbeat Signals on Economy

Posted October 30, 2014

Under Economic Issues, International Trade Issues

(Greg Robb – MarketWatch)

The Federal Reserve voted on Wednesday to end its bond-buying stimulus program commonly known as QE3 and sent several upbeat signals to markets that it was not worried about global weakness, low inflation or a wobble in financial markets.

In the statement, the Fed left unchanged its pledge that rates would remain near zero for a “considerable time.” But it qualified the statement, saying that if the economy improves faster than expected, than the first rate hike could come sooner than anticipated. Read more here.