Home / Breaking News / FOMC effects taper starting mid-November

FOMC effects taper starting mid-November

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.

Check Also

Euro Holds Firm as France Restores Political Calm, While UK Faces Fiscal Strain

The euro remained stable on Friday, supported by renewed political calm in France after recent …