The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN
SUBSCRIBERS

Fed to stick with stimulus reduction despite sell-off

Money being pumped into recovery will be cut from Jan's US$75b to US$65b in Feb

Published Thu, Jan 30, 2014 · 10:00 PM
Share this article.

Washington

THE Federal Reserve on Wednesday said it will continue to scale back its support for the nation's economy despite recent turmoil in global markets that has reverberated across US indexes.

The central bank will reduce the amount of money it is pumping into the recovery from US$75 billion this month to US$65 billion in February.

The mov…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

New Articles

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here