FED LEAVES POLICY RATE UNCHANGED, REDUCES ASSET PURCHASES BY $15 BILLION PER MONTH

FED LEAVES POLICY RATE UNCHANGED, REDUCES ASSET PURCHASES BY $15 BILLION PER MONTH

The Federal Open Market Committee (FOMC) announced on Wednesday that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected.

More importantly, the Fed decided to reduce its purchases by $15 billion per month. 

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