#PreMarket Primer: Thursday, January 30: Fed Cut Stimulus By Further $10 Billion
January 30, 2014 at 07:03 AM EST
Despite the emerging markets sell-off, the US Federal Reserve decided to cut its monthly asset purchase program by another $10 billion in February, bringing the total monthly spend down to $65 billion per month. The decision was backed by improving economic data which the bank believes will be sustainable in