US Federal Reserve to end stimulus after six years

“The US Federal Reserve is expected to announce the end of its quantitative easing (QE) programme later,” Andrew Walker wrote in a BBC News online article today.

Walker continued, “The Fed’s main policy making committee is meeting in Washington, where it is discussing whether to stop buying financial assets with newly created money. It has been gradually cutting back the scheme, which began in 2008, since late last year.  The markets are expecting that the asset purchases will finally cease. If they are right, it will mark the end of an extraordinary experiment in economic policy.  It started in November 2008 amid the financial crisis and fears that the US, and the rest of the world, might be facing another great depression.” Read the full article here. | Raymond Matt, CFP, CLU, TEP, CHS

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