News Alert: Fed announces extension of bond-buying stimulus program

Wednesday, June 20, 2012 12:47:44 PM

NEWS ALERT

Fed announces extension of bond-buying stimulus program

The Federal Reserve said it would extend for six months a bond-buying program designed to provide a modest boost to the economy. The Fed said there were signs that hiring is slowing and the U.S. economy is facing significant new threats from financial troubles overseas.

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