Federal Reserve Latest News: Fed Split in June on QE Timing

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Federal Reserve Latest News: Fed Split in June on QE Timing

Federal Reserve Latest News: Fed Split in June on QE Timing
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Federal Reserve Latest News: Fed Split in June on QE Timing

by Wochit 0:47 mins

About half of the Federal Reserve's policymakers felt the U.S. central bank's bond-buying stimulus should be brought to a halt by year end when they met in June, but many wanted reassurance the U.S. jobs recovery was on solid ground before any policy retreat. Stocks closed mostly higher on Wall Street as a brief afternoon rally deflated. The last time the index had five straight gains was early May, before investors started worrying that the Fed was preparing to cut its economic stimulus. Stocks drifted lower ahead of the release of minutes from the Federal Reserve's latest policy-meeting.

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