Federal Reserve shows no signs of new action

The minutes from the March 13th Federal Open Market Committee (FOMC) meeting were released today, and the idea of a fourth round of asset purchases (a.k.a. quantitative easing) seems to be no more than a remote possibility. The FOMC is the policy making committee of the Federal Reserve, and the minutes show that while they planned to keep current policies in place, they saw no reason to do anything additional unless “the economy lost momentum.”

The DJIA was down about 100 points immediately following the release of the minutes, showing that investors may have wanted to see more support from the Fed.

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