The U.S. Federal Reserve has decided to continue winding down its bond-buying stimulus plan… cutting its monthly asset purchases to 25-billion dollars from 35-billion.
This is their sixth consecutive 10-billion dollar cut and it means the Fed is on course to end its purchase program in October.
Fed officials led by Chair Janet Yellen are also stepping up a debate over when to raise the country’s interest rates for the first time since 2006… as unemployment falls faster and inflation picks up to its 2-percent target.
For now though, interest rates were kept near the zero-percent range… despite the jobless rate falling to a six-year low of 6-point-1 percent.
