No Policy Changes are Expected as Fed Ends Meeting

From time.com

The Federal Reserve is widely expected Wednesday to stick with its aggressive efforts to strengthen a still-subpar economy. The Fed will likely end a two-day meeting with a statement noting that job growth remains modest and that it’s standing by its campaign to keep loan rates at record lows to help ease unemployment. The central bank’s efforts include buying $85 billion a month in Treasurys and mortgage bonds to try to keep long-term borrowing costs down. Investors will have only the Fed’s brief statement to study for clues to its thinking. This isn’t one of the four policy meetings each year that are ... (full story)