Connect with us

Hi, what are you looking for?

Jewish Business News


Fed Chair Janet Yellen Says Bond Buying Will Cease

Janet Yellen

Fed Chair Janet Yellen announced that bond buying will be relaxed by the end of the month, given some strength in the economy, most notably, positive job numbers, as reported by the New York Times. The Fed stated, “The underutilization of the job market is gradually diminishing.”

This wasn’t unexpected, but stocks usually fall on news that the Fed is backing off form QE. Some Wall Street bulls dismissed more positive job numbers by saying real wages hadn’t increased and global insecurity would be reasons for the Fed to continue its bond buying. However, Janet Yellen said interest rates would still remain close to zero for some time. So far though, the indexes don’t seem to have tanked on the announcement, perhaps because of the stated commitment to keep interest rates low.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.