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October 31, 2013

Federal Reserve to Continue Bond Purchases 
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The Federal Reserve says it will continue its economic stimulus program,
citing high unemployment and a slowing recovery in the housing sector.
Since September 2012, the Fed has been buying $85 billion in bonds each
month in a bid to lower long-term interest rates and encourage spending.
In a statement Wednesday, Fed officials said they would wait for more
evidence of sustained growth before adjusting the purchases.

 

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