No hints which month taper will come; new tool being weighed. The central bankers also discussed possibly lowering the 6.5% unemployment rate threshold the Fed has set for the first rate hike. Some Fed officials didn’t like the idea, saying that the market would view it as a new policy tool that could move down or up.

Former Fed. global growth on the U.S. economy. Asia stocks mostly slip with US-China trade talks set to resume. Stocks in Asia mostly slipped in Monday afternoon trade as U.S.-China negotiations.

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Fed votes to continue taper, lowers growth expectations In a near unanimous vote, the Federal Open Market Committee of the central bank elected to continue the taper program of quantitative easing started at the end of 2013 under the former Fed Chair.

The lack of enthusiasm for a half-point rate cut from one of the Fed’s biggest doves – and the only one to vote for lower rates at last week’s meeting – led traders to ratchet back bets on.

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Minutes of the Federal Open Market Committee. The Committee expected that, with appropriate monetary policy accommodation, economic growth would proceed at a moderate pace and result in a gradual decline in the unemployment rate toward levels that the Committee judged consistent with its dual mandate.

Despite the downgrade of its view on current economic conditions and lower expectations for the near-term outlook, the Fed’s decision to maintain the quantitative easing (QE) program rallied both equity and bond markets. Since the latest round of QE last year, the U.S. unemployment rate has declined 80 basis points to the current 7.3 percent.

There are.Fed votes to continue taper, lowers growth expectations Fed says economy too weak to begin taper – MarketWatch – Kansas City fed president esther george was the lone dissent in favor of a taper. George has dissented from every policy statement this year.

The Fed, he said, is "avoiding a tightening until we can be comfortable that the economy is in fact growing the way that we want it to be growing." The Washington Post’s Ylan Mui points out that the US economy keeps missing its growth expectations, and the Fed didn’t have much choice. The announcement that the policy would continue was.