Mexican Media Brands
Fed Takes Strong Measures to Boost U.S. Economy
The Federal Reserve has acted aggressively to stimulate the flagging American economy by expanding a bond purchase program and extending its promise to keep interest rates near zero by six months until at least mid-2015.
#economics
Share
The Federal Reserve has acted aggressively to stimulate the flagging American economy by expanding a bond purchase program and extending its promise to keep interest rates near zero by six months until at least mid-2015.
The Fed added a new pledge to keep rates near zero even after the economy rebounds.
The central bank plans to buy $40 billion (€31 billion) of mortgage-backed securities per month and to continue the program until the job market improves. The Fed also extended through year-end its commitment to buy $45 billion (€34.8 billion) of U.S. Treasury securities monthly.
Worldwide stock and bond markets rallied on the Fed news as investor's economic confidence rose.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Fuel Economy Gains in July
What you’re looking at here is a sales-weighted fuel economy chart (the numbers in the white boxes represent miles per gallon) that was put together by two diligent researchers, Michael Sivak and Brandon Schoettle, of the University of Michigan Transportation Research Institute.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.