GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Wednesday, March 19, 2014

Fed Extends Taper, Sees First Rate Hike in 2015

The U.S. Federal Reserve says it will continue to trim its monthly bond buying program by $10 billion, bringing the Fed's new monthly purchases to $55 billion. The Fed says it sees 'sufficient underlying strength in the economy' and says it expects to see the first federal funds rate increase in 2015, with a 25 basis point hike likely in September of 2015. On the jobs front, the Fed says it will do away with its 6.5% unemployment rate target because it expects U.S. firms to continue adding jobs.

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