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Fed to buy more bonds as it sets jobless target – MarketWatch

he Federal Reserve on Wednesday announced a fresh bond-buying program worth $45 billion per month of longer-term Treasurys in another effort to reduce what the central bank calls an "elevated" unemployment rate. What’s also new is the guidance for how long interest rates will be kept exceptionally low, which instead of "mid-2015" now is targeted to an unemployment rate above 6.5% as long as inflation one to two years ahead is projected to be no more than 2.5%. The size and composition of the new bond purchases were in line with market consensus;

via Fed to buy more bonds as it sets jobless target – MarketWatch.

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