Fed Buys $40B MBS Monthly, Zero-Rate Policy to 2015

Sept. 13 (Bloomberg) -- Bloomberg's Mike McKee reports that the Federal Reserve said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a third round of quantitative easing as it seeks to boost growth and reduce unemployment. The FOMC also said it would likely hold the federal funds rate near zero “at least through mid-2015.” He speaks on Bloomberg Television's "Lunch Money."
AB InBev to Buy SABMiller for $106 Billion in Record Deal
14:21 - Anheuser-Busch InBev agreed to buy SABMiller for almost 69 billion pounds ($106 billion), raising its bid after several rejections to clinch a record industry deal that will bring one out of every three beers sold worldwide under a single company. Bloomberg's Thomas Buckley has more on "Countdown." (Source: Bloomberg)
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