US Fed keeps stimulus no taper yet | Bangkok Post: business

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Fed keeps stimulus in place

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WASHINGTON - The Federal Reserve on Wednesday left its $85 billion a month stimulus programme in place, surprising economists and markets expecting a reduction that would confirm a strengthening US economy. 

A television monitor on the floor of the New York Stock Exchange shows the decision of the Federal Reserve Thursday morning Thailand time.

Fed policy-makers cut their growth forecast for this year and next, and said they wanted to further gauge the impact of ongoing government spending cuts and a spike in interest rates in the past four months on the economy.

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