| The announcement below affects botht eh QE 2 and QE 3 programs. QE 3 is the purchase of Fannie/Freddie mortage backed securities. |
| The US Federal Reserve affirmed its supportive bond-buying programme and said the US economy has returned to “moderate” growth after a “pause” at the end of last year.
The Federal Open Market Committee statement said US fiscal policy was somewhat more restrictive and noted some signs of improvement in the jobs market. The FOMC also said it “will continue to take appropriate account of the likely efficacy and costs” of its $85bn of bond purchases each month.
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