WASHINGTON (AP) — Even a few weeks can make a difference and the Federal Reserve can attest to that as it begins a two-day meeting today.
When the Fed last met in mid-September, almost everyone expected it to start reducing the stimulus it's given the U.S. economy. The Fed pulled a surprise and left in place its policy of buying $85 billion-a-month in Treasury and mortgage bonds. Since then, the economic recovery has shown signs of struggling and this week's meeting carries little expectation that the Fed will do any tinkering with its stimulus policy.
After a 16-day partial government shutdown and a batch of tepid data, many analysts now predict the Fed will maintain the pace of its bond purchases into next year.
By then, Fed members expect to have seen stronger job growth. They also expect Congress to have resolved its budget impasse.
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State Police need your help finding a missing woman last seen leaving M&T Bank on Main Street in Clarence this past Monday.
Police in Lockport say they have taken action after a threat was posted on a social media site from a student threatening to bring a gun to North Park School.
State Police are thanking News 4 viewers for helping them locate a man who allegedly hit a mother with his pickup truck as she loaded her two children into her vehicle and then fled the scene.
Lake Effect Snow Warnings today with the chance for an additional foot for some areas.
Nushawn Williams is still being held under the state's civil confinement law. He returned to court Thursday where a judge will soon rule on the type of restrictions Williams will face.
The robberies happened between August and early November. Prosecutors say all three used notes threatening the use of weapons.