Bank of America has reduced asset purchases.

Bank of America has reduced asset purchases.

Bank of America , the Fed lowered the bond purchase program for the third time in a row .
Bank of America , held its first meeting was chaired by Janet Yellen . Market waiting impatiently asset purchases in the two -day meeting it was decided to reduce the third time . Thus, the monthly asset purchases of 65 billion dollars , 55 billion dollars has been reduced . Earlier, the bank which USD 85 billion in asset purchases had gone twice interrupted .

Bank of America has reduced asset purchases.

Bank management when interest rates will change brought a new perspective on the topic . Unemployment and inflation rates before focusing on management , lots of data to increase interest rates will assess announced . Banks increase interest rates will not be made before 2015 gave the signal .The decisions taken by his predecessor, the new President Yellen said Ben Bernanke's monetary policy was continued .
U.S. unemployment rate 6.7 finally fell to 6.5 percent as the Fed is nearing the threshold set .