Wall Street pitches fit after Fed’s tapering announcement
January 30, 2014 by Kent Hoover
The tapering continues: The Federal Reserve announced Wednesday afternoon that it would reduce its bond-buying by another $10 billion in February.
Even though this decision was expected, stock prices fell in reaction to it.
The Fed said it decided to “make a further measured reduction in the pace of its asset purchases” because of “growing underlying strength in the broader economy.”
Originally Posted at LifeHealthPro on January 30,2014 by Kent Hoover.
Categories: Industry Articles
