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US withdraws Economic Stimulus Packages

Published on December 19, 2013 at 11:45

US withdraws Economic Stimulus Packages


Washington: Federal Reserve, the Central Bank of America has decided to stop the economic stimulus packages step by step. In the beginning, the monthly bond purchase of $8500 Crore is decided to minimize as $7500 Crore. This was an information from the federal open market committee. The decision will come in to force from January next year. So, from 2014, January onwards the purchasing of bonds will be only for $7500 Crore.

America is now under the recovery process from the prevailing economic indolence. The current decision of the Federal Reserve may be to prevent the nation from again going back to such an economic indolence.

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