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Fed Ends Stimulus, Holds Interest Rates Low, Citing Better Economy

The Federal Reserve’s Open Market Committee today formally ending its asset-buying stimulus program known as 'quantitative easing.'

The Federal Reserve’s Open Market Committee today formally ended its asset-buying stimulus program known as 'quantitative easing.' A statement from the Federal Reserve cited increased activity in the economy, which it said 'is expanding at a moderate pace.' The Fed also signaled a continuation of the policy of holding interest rates artificially low, between zero and 1/4 percent, which it says will likely be the case for 'a considerable time.' Also on the Fed's radar was the jobless rate which it saw as a positive development. TheStreet's Jamie McIntyre has details from Washington.

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