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Fed, worried about job growth, launches new stimulus

Federal Reserve

The Federal Reserve, hoping to give another shot in the arm to the pallid recovery, announced it would launch a new round of a controversial bond-buying stimulus program. The central bank also further extended its pledge to keep short-term interest rates near zero, now through the middle of 2015.

 

European Central Bank Leaves Rate Unchanged at 1 Percent

The central bank also said it would maintain its program of low-interest lending to euro-zone banks through the end of the year.

 

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