July 29, 2014
Fed keeps reduction of monetary stimulus
The Federal Open Market Committee (FOMC) of the Federal Reserve decided to maintain the reduction of their monetary stimulus policy “at a moderate rate,” official acts revealed.
The Committee considered that the current market volatility within the emerging markets does not represent a threat for the global economy, nor a considerable impact in the US seems likely.
Unemployment figures were also discussed during the meeting dated January 28-29. In that sense, the board members considered rates were disappointing and mediocre, while some even define it as “an anomaly.”