Washington: As expected US Federal Reserve continued hammering down its asset purchases on Wednesday. The central bank announced to taper the stimulus package by another $10 billion as it plans on winding up the unconventional monetary policy.
Despite tapering the monthly bond buying programme, which was lowered by $10 billion in the last Fed meeting to $75 billion, Fed has maintained its stance on low interest rates. This means US central bank will not be pumping $65 billion every month into its economy to boost liquidity.Read more
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