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Federal Reserve Announces QE3 Stimulus

By National Confidential | 13 September 2012 12:40 pm EST Updated 13 September 2012 12:40 pm EST
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Woman With Money

The Federal Reserve has had enough of the sluggish U.S. economy.

The Federal Reserve today announced an open-ended quantitative easing program designed to jumpstart hiring in the country. The Fed will buy $40 billion worth of mortgages each month to shore up the real estate market.

In response, the Dow Jones average increased by nearly 60 points.

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