Federal Reserve launches QE3, keeps rate until 2015 – text

(Before It's News)

    The Federal Reserve will stimulate the sluggish U.S. economy further, purchasing additional agency mortgage backed securities and said it expects to maintain the target for the federal funds rate at 0-0.25 percent at least through 2015, one year longer than it previously had forecast.
    Click to read the statement from the Federal Open Market Committee.

    www.CentralBankNews.info

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