The Columbus Dispatch – by Martin Crutsinger
WASHINGTON — In a surprise, the Federal Reserve has decided against reducing its stimulus for the U.S. economy because its outlook for growth has dimmed in the past three months.
The Fed said yesterday that it will continue to buy $85 billion a month in bonds while it awaits conclusive evidence that the economy is strengthening. The Fed’s bond purchases are intended to keep long-term borrowing rates low to boost spending and economic growth. Continue reading “Stocks soar as the Fed continues its stimulus”