Asset Buying Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

So you can view this as kind of a long coming victory for the governing council's hawks the since the policy statement no longer contains this reference to widening stimulus in case the economy worsened so that is of course an end to what they call the easing bias or this bias towards quantitative easing now that's also a sign of course that the e.c.b. is slowly showing stimulus to the door at a time where the eurozone is enjoying sustained recovery and now the stimulus actually tends to reduce the currency values tends to depress them so the news of this statement immediately boosted the euro...

Still up off that 15,000 mark. but the market very rattled. down 560 points over the last couple sessions. there were comments by ben bernanke they might stop the rapid asset buying program they have been in and that could lead to a situation where you see prices dropping in the bond market and interest rates going higher. but perhaps there is some encouragement in the markets this morning they won't want to see a huge gyration in the markets and an increase in those interest rates that would sort of send us in the other direction. so that's what they are supposed to do, the federal reserve. >...

The balance in your retirement account. stocks are falling in the final hour of the trading day on wall street. we want to get now to rana down on wall street as well as our felicia taylor. again, surrounded by people who can help me out here. rana, to you, what is going on here? >> well, it's a good question. i think you have to go back to the announcement yesterday from the fed that quantitative easing, that asset buying program where we've been seeing the fed pour $85 billion a month into the market is going to be tapered. it's going to be scaled back at some point next year. at some point ...