Despite recent signals that the US economy is gaining in strength, the Federal Open Market Committee (FOMC) said it will continue to follow through on plans to inject another $600 billion into the economy through the purchase of bonds. The FOMC also confirmed it will continue to keep interest rates at the current all-time low.
Ã¢â‚¬Å“The clear message is there is no rethinking of the program, no consideration of backing off,Ã¢â‚¬Â said Jim OÃ¢â‚¬â„¢Sullivan, global chief economist at MF Global Ltd. in New York. Ã¢â‚¬Å“Arguably they downplayed what have clearly been better growth data.Ã¢â‚¬Â
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