No Taper: Fed Continues $85B Buying Program

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Sept. 18 (Bloomberg) -- The Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs to see more evidence of improvement in the economy. Peter Cook reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

The fed is not tapering.

The fed maintaining , 45 billion in treasuries.

They are worrying about tightening conditions and they are worrying about fiscal policy.

Taking into the account of retrenchment, the committee sees the improvement.

It is consistent with growing underlying strength in the broader account me -- economy.

It goes on to say, some forward guidance with regards to the as asset -- to the asset purchases.

It will remain contingent on the committee's economic outlook.

There is additional forward guidance, they are not changing any of their thresholds.

The committee will also consider other information, including additional measures of labor market conditions.

When the committee decides to begin to remove policy accommodations, it will take a balanced approach.

Getting back to the economy, economic activity has been expanding at a moderate pace.

The tightening of financial conditions could slow the labor market.

It does not see that as a threat right now.

It was not unanimous.

Peter cook, you will have an interesting press conference.

This text has been automatically generated. It may not be 100% accurate.

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