Fed Keeps Pace of Asset Purchases as Growth Pauses

Jan. 30 (Bloomberg) -- The Federal Reserve will keep purchasing securities at the rate of $85 billion a month as the economy paused because of temporary forces including bad weather. The Fed left unchanged its statement that it planned to hold its target interest rate near zero as long as unemployment remains above 6.5 percent and inflation remains below 2.5 percent. Peter Cook reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
Record Iron Ore Shipments Weigh on Price
47:32 - Iron ore exports from Australia’s Port Hedland climbed to an all-time high in June as mining companies in the world’s largest shipper increased low-cost output. Prices tumbled and producers’ shares fell. Bloomberg's Paul Allen reports on "First Up." (Source: Bloomberg)
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