Fed Will Start Reducing Asset Purchases in Coming Weeks. Not in a Rush to Raise Rate

<p>As widely anticipated, the Fed announced to taper its QE program. The Fed funds rate was kept unchanged at 0-0.25%. US dollar retreated after the meeting as the Fed continued to view inflation as “transitory” and did not appear to think that a rate hike was imminent. On economic developments, policymakers acknowledged that the number […]</p>
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