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Why QE Can Never End
John Rubino * DollarCollapse.com The Fed just made an announcement that the markets liked: Fed stays on track with bond buying, for now WASHINGTON (Reuters) – The Federal Reserve said on Wednesday the economy continues to recover but is still in need of support, offering no indication that it is planning to reduce its bond-buying stimulus at its next meeting in September. The central bank said after a two-day meeting that it would keep buying $85 billion in mortgage and Treasury securities per month in its effort to strengthen an economy that it said was still challenged by federal budget-tightening. It also pointed to a recent run up in mortgage rates. In a post-meeting statement, policymakers described economic activity as having expanded at a “modest” pace in the first half of the year.
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