The central bank made the announcement following a two-day meeting of its governing body
The Fed made the announcement following a meeting of its governing body
St. Louis Fed President James Bullard says recent encouraging economic data makes it more likely that the Fed will reduce its bond-buying program at least slightly this month.
With better-than-expected job growth and new home sales, could the Federal Reserve be about to wind back its $85bn-per-month bond-buying program?
Yellen is widely expected to continue current Fed chair Ben Bernanke's easy-money policies, which have led to historically low interest rates
Fixed mortgage rates shot up this week after stronger-than-expected job gains and home sales
Mortgage applications crept down slightly again for the week ending Nov. 22.
Rates rose slightly in the run-up to Thanksgiving weekend