Fed Doesn't Taper, Maintains Purchases, Sees No Rate Rises Until 2014, Cuts Growth Forecast
June 19, 2013 at 14:23 PM EDT
The Federal Reserve's Federal Open Market Committee, the policy-setting group of economists, concluded their June meeting Wednesday. At the meeting, the FOMC decided to keep its QE program going at the current pace of $85 billion in purchases per month and views no rate rises until at least 2014. Tapering Concerns Tapering