As the Federal Reserve is currently in a two day meeting, Australian shares are weaker as investors wait for decision from the US Federal Reserve on its stimulus program. At the close, the benchmark S&P/ASX200 index was 13.1 points, or 0.25 per cent, lower at 5238.1.
Wednesday, September 18, 2013
US Federal Reserve Stimulus Program
The Federal Reserve began a two day meeting today as speculation mounts that chairman Ben Bernanke is preparing to announce cut-backs on the US's $85bn a month economic stimulus program. Bernanke will hold a press conference Wednesday (US time) to discuss the Federal Reserve plans for the future of the US economy.
As the Federal Reserve is currently in a two day meeting, Australian shares are weaker as investors wait for decision from the US Federal Reserve on its stimulus program. At the close, the benchmark S&P/ASX200 index was 13.1 points, or 0.25 per cent, lower at 5238.1.
As the Federal Reserve is currently in a two day meeting, Australian shares are weaker as investors wait for decision from the US Federal Reserve on its stimulus program. At the close, the benchmark S&P/ASX200 index was 13.1 points, or 0.25 per cent, lower at 5238.1.
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