Fed To End Asset Purchases In October

Fed To End Asset Purchases In October
(Washington, DC) -- The Federal Reserve is preparing to end asset purchases in October, if the economy continues to strengthen. According to the latest Fed minutes released Wednesday, policymakers "generally agreed" to end the Central Bank's monthly bond purchases in October. They also appear to be close to agreeing on a plan to manage interest rates. The Fed said it expects to provide advance notice before raising interest rates.