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FOMC effects taper starting mid-November

Mohamed Abdelhamid 3 November, 2021 10:17 pm Breaking News, Commodities, Forex Market, Global Stock Market, Market Update

The U. S. Federal Reserve announced on Wednesday that it will start tapering its asset purchases program by $15 billion in mid-November.

The Federal Open Market Committee (FOMC) announced that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected.


More importantly, the Fed decided to reduce its asset purchases by $15 billion per month.

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