Economy & Business

Economy
4:12 pm
Wed October 30, 2013

Fed, Citing A Still-Struggling Economy, Will Keep Buying Bonds

Originally published on Wed October 30, 2013 5:00 pm

Federal Reserve policymakers wrapped up their two-day October meeting Wednesday by announcing that they will maintain the Fed's $85 billion per month bond purchase program. The central bank's statement said that conditions in the labor market have "improved" and inflation is modest. But, in explaining the decision to maintain the stimulus, the statement pointed to a slowing housing market and said that fiscal policy is "restraining economic growth."

Health Care
4:12 pm
Wed October 30, 2013

Here's What You Need To Know About Obamacare And Your Health Plan

Originally published on Wed October 30, 2013 5:00 pm

The latest complaints about the health law center around the question of whether you can keep your current health plan if you like it. There actually are rules associated with the law that try to protect that right. Here's a primer on those rules.

NPR Story
3:40 pm
Wed October 30, 2013

Prosecutors Press Case In 'News Of The World' Phone-Tapping Trial

Originally published on Wed October 30, 2013 5:00 pm

At the Old Bailey Courthouse in London Wednesday, the prosecution laid out the case against former journalists of the now-defunct British tabloid News of the World.

Economy
2:27 pm
Wed October 30, 2013

Why The Fed Decided Not To Change Course

Citing continued signs of weakness, the Federal Reserve said it will keep aiming for low interest rates.
Mark Wilson Getty Images

Look around. Do you see much inflation?

Gas prices are down more than 7 percent from last year. Grocery costs haven't budged lately. And — just in time for Halloween — the price of candy is down 2.3 percent from last year, according to the government's consumer price index released Wednesday.

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The Two-Way
1:56 pm
Wed October 30, 2013

For Now, Fed Will Stand Firm On Bond Buying

The Fed pointed to a somewhat weaker housing market in recent months.
Scott Olson Getty Images

Originally published on Wed October 30, 2013 2:36 pm

The Federal Reserve's message, at least for now, is to take a wait-and-see approach to the economy before tapering off on its bond-buying program.

In a statement issued after Wednesday's meeting, the Federal Open Market Committee said that while it has seen signs of "growing underlying strength in the broader economy" it awaits "more evidence that progress can be sustained."

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