1.原文连结(必须检附)：
http://ppt.cc/dp-G
2.原文内容：
Fed ends 'QE' bond-buying economic stimulus program
Published: Oct 29, 2014 2:03 p.m. ET
By JEFFRY BARTASH REPORTER
WASHINGTON (MarketWatch) - The Federal Reserve on Wednesday voted to end the
last leg of its bond-buying stimulus program, cutting purchases of Treasurys
and mortgage-back securities to zero from $15 billion starting on Nov. 1. The
central bank also sounded more upbeat about the labor market and said it
doesn't expect falling energy prices to hold inflation down in the long run.
For the first time, the Fed explicitly said it could raise interest rates
sooner than markets expect if the economy grows faster than the bank
projects. Slower growth, on the other hand, could push back the timing of the
first rate hike since 2006. Since late 2012, the Fed has bought $1.6 trillion
in securities under "QE3" in an effort to push U.S. interest rates lower and
prop up the economy. The bank's balance sheet is now at a historic high of
$4.5 trillion, nearly six times higher than when it first started buying
bonds in 2008. The key fed funds short-term interest rate has been at zero
since then. The Fed vote was nine to one, with Narayana Kocherlakota
dissenting.
3.心得/评论(必需填写)：
大环境不错, 不用怕啦
http://ppt.cc/Vypm
Fed Ends QE While Keeping ‘Considerable Time’ Low-Rate Pledge
http://ppt.cc/kNbN
Even with QE over, the Fed is unlikely to start raising short-term interest
rates until next year, at the earliest.