Fed Projected to Reduce QE in Fourth Quarter – Market Update

Fed Projected to Reduce QE in Fourth Quarter - Market Update - Zing Blog The bond market was more volatile yesterday although we were right back where we started at the close. Economists project the Fed will reduce QE in the fourth quarter to $50 billion from $85 billion.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 48.27 points (-0.33%) while the Nasdaq fell 11.22 points (-0.34%). Also, the S&P 500 dropped 5.23 points (-0.33%).

Current Rates

Here are some of today’s rates:

Visit our mortgage rates page to find out how much you can save with today’s rates, or use our mortgage calculator to find more rates and loan options.

Financial Links

Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.

Reuters

Construction Spending Rate Hits Seven-Month Low

Washington Post

Home Prices Rise at Highest Rate in Seven Years

New York Times

Banks Resist Strict Controls of Foreign Bets

 

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