- Australian surfing magazine sorry for calling indigenous surfer ‘apeish’
- Records: Man in Fla. theater shooting also was texting
- The Putin problem: U.S. needs Russian rockets for spy satellites
- Florida cops ticket toddler in toy convertible: report
- Kerry warns of ‘very serious’ response to Crimea-Russia alliance
- Fla. Rep. Alan Grayson’s wife drops restraining order against him
- McDonald’s lawsuits filed over wages ‘stolen’ like Hamburglar steals Big Macs
- HUMPHRIES: Fight like a Democrat – An open letter to Sen. Mitch McConnell
- Florida board member shocks with ‘Heil Hitler’ salute at town meeting
- Bill O’Reilly, Chris Matthews inducted into Irish America Hall of Fame
Fed unlikely to raise rates till at least 2014
The Fed announced no further bond-buying efforts. But it held out the possibility of doing so later. It said it was prepared to adjust its “holdings as appropriate to promote a stronger economic recovery in the context of price stability.”
Some economists say that means the Fed will take further action soon.
Julie Coronado, an economist at BNP Paribas, said the Fed is signaling it will boost its purchases of bonds and other assets if growth fails to accelerate, even if the economy doesn’t slow. That is a “very low bar indeed,” she wrote in a note to clients.
“This is a fairly clear-cut signal that inflation is not on their radar at this point,” Tom Porcelli, an economist at RBC Capital Markets, wrote in a research note.
TWT Video Picks
By Emily Miller
Obama is losing the debate on gun ownership, concealed-carry permits
- USS Kidd sent to Indian Ocean after 'indication' of Malaysian jet crash
- F-35 secrets now showing up in Chinas stealth fighter
- Oil rig worker says he saw missing plane go down: report
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- MILLER: Law enforcement realizes good people with guns deter crime
- GOP bill tries to pull courts into fight with Obama on executive power, enforcing laws
- After three days, Redskins finally address defensive needs
- NRA shirt gets N.Y. high school student suspended
- Snowden: NSA uses fake Facebook to hack into users' computers
- Ben Carson: America's now 'very much like Nazi Germany'
Chaos as Manhattan building explodes
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again