The Federal Open Markets Committee has decided not to taper off its purchasing of $85 billion in bonds, saying that the unemployment rate is still too high. The surprise decision sent the Dow Jones Industrial Average soaring to a record high. Read the committee’s complete statement here.
Fed maintains bond purchases at $85 billion; postpones any retreat from stimulus campaign.
— Binyamin Appelbaum (@BCAppelbaum) September 18, 2013
H/T Simone Plathe