Fed pulls back ever so slightly on its monetary throttle

The Federal Reserve’s Open Market Committee did as markets expected today, sticking a fork in its asset purchase program and declaring that QE-3 is done. But just as the FOMC changed its mind on ending earlier versions of QE, it may discover the need for a QE-4 should economic data turn problematic down the road. The Committee today also reaffirmed its view that the 0%-0.25% target range for the federal funds rate will likely be appropriate “for a considerable time.”
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Stocks flat to open the new week

U.S. stocks mostly spun their wheels Monday, as investors resisted the downward pull of European markets. At the open, the Dow Jones Industrial Average headed lower and was off 75 points or 0.4% at its low during the first 30 minutes of trading. But by today’s close the Dow was nominally higher, ticking up 0.1% on the day, as did the NASDAQ Composite.
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