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Fed Keeps Pedal On Gas; Markets Hit Records

Fed Keeps Pedal On Gas; Markets Hit Records
Posted Wednesday, September 18th 2013 @ 2pm  by  Kevin Spak, Newser Staff

(NEWSER– The Federal Reserve surprised the financial world today by announcing that it would continuing buying roughly $85 billion worth of bonds a month. Many analysts had expected the central bank to ease off the quantitative easing gas pedal, but the committee announced that it had "decided to await more evidence that progress will be sustained." Borrowing costs have been on the rise in recent months, Bloomberg explains, and Ben Bernanke and company fear that signals a halt to growth.

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