laitimes

The Fed's tightening of bond purchases will be close to supporting the strength of the us dollar| markets across the line

author:CBN

The Fed announced that the benchmark interest rate remained unchanged at 0% to 0.25%, and officially announced a debt reduction plan, reducing the size of monthly asset purchases by $15 billion from November, which is basically in line with market expectations. However, Fed Chairman Jerome Powell continued to reiterate the "inflation temporary theory" at a press conference and stressed that it is not the time to raise interest rates.

Read on