According to a statement Wednesday, the Fed will double the pace of tapering its monthly bond purchases, reducing them by $30 billion every month until they’re completely wound down early next year. Under the Fed’s previous plan, it would have withdrawn $15 billion of the stimulus every month to wind down the program by the middle of next year. For most of the past couple years, the Fed has been printing money to buy about $120 billion of bonds a month.
Related posts
-
Bitcoin miner Northern Data files motion to dismiss ex-directors lawsuit
Northern Data has filed a motion to dismiss a lawsuit from former employees, arguing that the... -
Bitcoin surges past $64,000 as $300m flows into Bitcoin ETFs
Bitcoin’s price surged past $64,000 on 15 July, following a substantial inflow of $301 million into... -
Bitcoin prepares for surge as GFOX readies for major growth
Disclosure: This article does not represent investment advice. The content and materials featured on this page...