Thursday, June 19, 2014

Fed reduces bond buying to $35 Billion a month

The Fed and Janet Yellen is scaling back its bond-buying to $35 billion a month from $45 billion. And, of course, its interest-rate target stayed near zero (as it has been since December 2008).

Fed officials sharply downgraded their projections for economic growth this year.  You could see that coming after the economic contraction in the first quarter.