Oct 30, 2014

Fed ends bond buying, cites brighter job market

The Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market — a key condition for an eventual interest rate hike. The Fed reiterated its plan to maintain its benchmark short-term rate ...

Aug 21, 2014

U.S. job market gains yet to convince Fed to hike rates

The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn’t want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting. Policymakers “generally agreed” improvements in ...

Dec 23, 2013

Federal Reserve's taper begins

Although last week's long-awaited decision by the U.S. Federal Reserve Board to begin tapering off its bond-buying program proved to be a surprise, it was still the right move.