18 September 2013
30 September 2013
Surprising decision from the U.S. Federal Reserve and new economic forecasts
On Wednesday the U.S. Federal Reserve said it would keep purchasing bonds at an $85 billion monthly pace, as a sharp borrowing costs increase may have negative influence on the national economy.
Such decision turned out to be a surprise for the financial markets that were expecting a reduction in the central bank’s economic stimulus.
After this statement the stocks went up with the S&P 500 index rising to a record high…