Fed Keeps Bond-Buying Pace as Job Market Improves
March 20 (Bloomberg) -- The Federal Reserve will keep up its bond buying at a pace of $85 billion a month even as the world’s largest economy and the job market pick up, the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington. Peter Cook reports on Bloomberg Television's "Bottom Line."
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Riyal Dollar Peg Is Under Review
27:48 - Saudi Arabia's fiscal stresses are driving speculation the kingdom may change the riyal's peg to the dollar. The Saudi Arabian Monetary Authority maintains the spot exchange rate of the riyal at 3.75 to the dollar, which means future expectations of its value must be examined through the forwards or options market. Societe Generale Economist Strategist Xavier Denis discusses with Bloomberg's Manus Cranny and Rishaad Salamat on "Bloomberg Markets Middle East."