Tuesday, March 12, 2013

Opposition to continued bond buying grows within Fed



This could be the first sign of an increase in interest rates. Indicators are that borrowing has started to overheat.

Federal Reserve policymakers increasingly are arguing that the central bank's bond-buying program should be scaled back or shut down even before the unemployment rate declines significantly, according to minutes of the Fed's January meeting. News that the Fed is leaning toward withdrawing stimulus sent markets tumbling.

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