Scoreboard: Quitting QE

Wall Street wobbled after the Fed decision was announced, while European markets edged higher. The US dollar rose strongly against other major currencies.

In the US, the Federal Reserve has ended its quantitative easing program of asset purchases. The Fed says interest rates will stay near zero for a "considerable period" but the language of the statement is more "hawkish" -- that is, it suggests that rates may rise earlier than originally expected by economists.

The US Federal Reserve said that "underutilization of labor resources is gradually diminishing" as opposed to the previous statement where it noted "there remains significant underutilization of labor resources" 


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