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Fed maintains taper momentum; cuts the cord to an unemployment threshold

March 20, 2014 12:22 pm GMT+0  in Forex Fundamentals and News

The FOMC meeting, chaired for the first time by Janet Yellen, announced the third instalment of a $10 billion cut in its monthly bond purchase program, a part of its quantitative easing agenda for bolstering the US economy. The monthly bond purchase target now stands at $55 billion, comprising bond purchases of $ 25 billion […]