+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

LIVE: BERNANKE EXPLAINS HIMSELF

Sep 18, 2013, 23:45 IST

REUTERS/Jason Reed

Advertisement

The Federal Reserve's FOMC monetary policymaking body just shocked markets with the decision to refrain from reducing the amount of monthly bond purchases it makes under its quantitative easing (QE) program.

A "tapering" of QE was widely expected on Wall Street, and judging by the market reaction to the release of this FOMC statement, it's pretty clear that markets were indeed pricing in an announcement of a reduction of bond purchases by the Fed going forward (stocks, bonds, and gold are surging in the wake of the release).

Federal Reserve chairman Ben Bernanke will deliver a press conference and Q&A with reporters beginning at 2:30 PM. We will be live-blogging it below.

Click here to refresh for the latest updates »

Advertisement

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article