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Federal Reserve to Continue Bond Purchases

HeadlineOct 31, 2013

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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